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Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. May 2 Sold merchandise costing $360 to B.

image text in transcribed Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. May 2 Sold merchandise costing $360 to B. Facer for $540 cash, invoice number 5703 . May 5 Purchased \$2,750 of merchandise on credit from Marchant Corporation. May 7 Sold merchandise costing $972 to J. Dryer for $1,409, terms 2/10,n/30, invoice number 5704 . May 8 Borrowed $8,000 cash by signing a note payable to the bank. May 12 Sold merchandise costing $243 to R. Lamb for $389, terms n/30, invoice number 5705 . May 16 Received \$1,381 cash from J. Dryer to pay for the purchase of May 7. May 19 Sold used store equipment (noninventory) for $900 cash to Golf, Incorporated. May 25 Sold merchandise costing $410 to T. Taylor for $644, terms n/30, invoice number 5706 . Journalize the following transactions that should be recorded in the sales journal

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