Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal Journalize the following transactions that should be recorded in the sales journal. May 2 Sold merchandise cesting $410 to 3. Facer for $615 cash, invoice no. 5703 5 Purchased $2,200 of merchandise on credit fron Marchant Corp 7 Sold merchandise costing $1,107 to 3. Dryer for $1,60s, teras 3/10, 1/30, Invoice no. 5704 8 Borrowed $8.000 cash by signing a note payable to the bank. 12 Sold merchandise costing $277 to R. Lamb for $143, terms n/30, invoice no. 5705 16 Received $1,557 cash from 1. Dryer to pay for the purchase of May. 19 Sold used store equipment (noninventory) for $900 cash to Golf, Inc. 25 Sold merchandise costing $460 to T. Taylor for $722, terns n/30, invoice no. 5706. Date SALES JOURNAL Accounts Account Debited Invoice Number Receivable Dr. Sales Cr. Po Dryer 704 Lamb 1705 T Taylor 15700 Cost of Goods Sold Dr Inventory Cr May 07 May 12 May 25