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May 2 Sold Merchandise costing $300 to B. Facer for $450 cash, invoice no. 5703. 5 purchased $2, 400 of merchandise on credit from Marchant
May 2 Sold Merchandise costing $300 to B. Facer for $450 cash, invoice no. 5703. 5 purchased $2, 400 of merchandise on credit from Marchant Corp. 7 sold merchandise costing $800 to J. Dryer for $1, 250, terms 2/10, n/30, invoice no. 5704 8 Borrowed $9,000 cash by signing a note payable to the bank. 12 Sold merchandise costing $200 to R. Lamb for $340, terms n/30, invoice no. 5705 16 Received $1, 225 cash from J. Dryer to pay for the purchase of May 7. 19 Sold used store equipment for $900 cash to Golf, Inc. 25 Sold merchandise costing $500 to T. Taylor for $750, terms n/30, invoice no. 5706 Journalize the May transactions that should be recorded in the sales journal assuming the perpetual inventory system is used
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