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 May2 Sold merchandise costing $430 to B. Facer for $645 cash, invoice no. 5703 5 Purchased $2,100 of merchandise on credit from Marchant Corp. 7 Sold merchandise costing $1,161 to J. Dryer for $1.583, terms 2/10, n/30, invoice no. 5704. 8 Borrowed $8,000 cash by signing a note payable to the bank. 12 Sold merchandise costing $200 to R. Lamb for $464, terms n/30, invoice no. 5705. 16 Received $1,649 cash from J. Dryer to pay for the purchase of May 7. 19 Sold used store equipment (noninventory) for 5900 cash to Golf, Inc. 25 Sold merchandise costing 5480 to T. Taylor for $754, terms n/30, invoice no. 5706. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cr. Prov 1 of 7 II Next >