Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and...
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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 $440 to B. Facer for $660 cash, invoice no. 5783. 5 Purchased $2,400 of merchandise on credit from Marchant Corp. 7 Sold merchandise costing $1,188 to J. Dryer for $1,723, terms 3/10, n/30, invoice no. 5704. 8 Borrowed $8,000 cash by signing a note payable to the bank. 12 Sold merchandise costing $297 to R. Lamb for $475, terms n/30, invoice no. 5705. 16 Received $1,671 cash from 3. 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 $490 to T. Taylor for $769, terms n/30, invoice no. 5706. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cri
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