Finer Company uses a soles 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 coating $410 to D. Pacer for $615 cash, invoice no. 5703. 5 Purchased $2,550 of merchandise on credit from Marchant Corp. 7 Sold merchandise conting $1,107 to J. Deyer for $1,605, terms 1/10, n/30, invoice no. 5704. 8 Borrowed $8,000 cash by signing a note payable to the bank. 12 Sold merchandise conting $277 to R. Lamb for $443, terma n/30, invoice no. 5705. 16 Received $1,589 canh tron J. Dryer to pay for the purchase of May 7. 19 sold used store equipment (noninventory) for $900 cash to Golf, Inc. 25 Sold merchandise costing $460 to T. Taylor for $722, terme 1/30, Invoice no. 5706. SALES JOURNAL Accounts Account Debited Invoice Number Rocelvable Dr. Sales Cr Date Cost of Goods Sold Dr. Inventory Cr