QS 7-6 Sales journal LO P1 Caesar 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. June 5 Purchased $2,600 of merchandise on credit from Roman Corp. 9 Sold merchandise costing $795 to R. Allen for $1,325, terms n/10, Invoice No. 2080. 12 Sold merchandise costing $510 to J. Meyer for $850 cash, Invoice No. 2081. 19 Received $1,325 cash from R. Allen to pay for the purchase of June 9. 27 Sold merchandise costing $665 to B. Kraft for $950, terms n/10, Invoice No. 2082. SALES JOURNAL Accounts Invoice Number Receivable Dr. Sales Cr. Date Account Debited Cost of Goods Sold Dr. Inventory Cr. Exercise 7-1 Sales journal LO P1 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 $280 to B. Facer for $420 cash, invoice no. 5703. 5 Purchased $2,550 of merchandise on credit from Marchant Corp. 7 Sold merchandise costing $756 to J. Dryer for $1,096, 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 $189 to R. Lamb for $302, terms n/30, invoice no. 5705. 16 Received $1,074 cash from 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 $330 to T. Taylor for $518, terms n/30, invoice no. 5706. SALES JOURNAL Date Account Debited Invoice Number Accounts Cost of Goods Receivable Dr. Sold Dr. Sales Cr. Inventory Cr. 1,096 5704 May 07 May 12 May 25 J. Dryer R. Lamb 1. Taylor 5705 5706