Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. May 2 Sold merchandise costing $370 to B. Facer for $555 cash, invoice number 5703. May 5 Purchased $2,500 of merchandise on credit from Marchant Corporation. May 7 Sold merchandise costing $999 to J. Dryer for $1,449, 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 $250 to R. Lamb for $400, terms n/30, invoice number 5705. May 16 Received $1,420 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 $420 to T. Taylor