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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 $400 to B.
Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. May 2 Sold merchandise costing $400 to B. Facer for $600cash, invoice number 5703. May 5 Purchased $2,700 of merchandise on credit from Marchant Corporation. May 7 Sold merchandise costing $1,080 to J. Dryer for $1,566, terms 1/10, n/30, invoice number 5704 . May 8 Borrowed $8,000 cash by signing a note payable to the bank. May 12 Sold merchandise costing $270 to R. Lamb for $432, terms n/30, invoice number 5705 . May 16 Received $1,550 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 $450 to T. Taylor for $707, terms n/30, invoice number 5706 . Journalize the following transactions that should be recorded in the sales journal
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