Question

Finer Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May.
 

May		2		Sold merchandise costing $410 to B. Facer for $615 cash, invoice no. 5703.
		5		Purchased $2,250 of merchandise on credit from Marchant Corp.
		7		Sold merchandise costing $1,107 to J. Dryer for $1,605, 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 $277 to R. Lamb for $443, terms n/30, invoice no. 5705.
		16		Received $1,557 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 $460 to T. Taylor for $722, 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

Answer 1

REF::  https://www.homeworklib.com/question/1352803/refer-to-exercise-7-1-and-for-each-of-the-may