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 costing $350 to B. Facer for $525 cash, invoice no. 5703. 5 Purchased $2,100 of merchandise on credit from Marchant Corp. 7 Sold merchandise casting $945 to 3. Dryer for $1,37e, terms 3/10, n/30, invoice no. 5784. 8 Borrowed $8,000 cash by signing a note payable to the bank. 12 Sold merchandise costing $236 to R. Lamb for $378, terms n/3e, invoice no. 5705 16 Received $1,329 cash from J. Dryer to pay for the purchase of May 7. 19 Sold used store equipment (noninventory) for $9ee cash to Golf, Inc. 25 Sold merchandise costing $480 to T. Taylor for $628, terms n/38, invoice no. 5786. SALES JOURNAL Accounts Account Debited Invoice Number Receivable Dr. Sales Cr. Date Cost of Goods Sold Dr. Inventory Cr