Question

I need help to solve this sales journal

e o Chapter 07 Pre-Built Problems r 07 Pre-Built Problems Finer Company uses a sales journal a purchases journal, a cash receipts journal, a cash dabursements journal, and a The following transactions occur in the month of May May 2 Seld merchandise costing $370 to B. Tacer for $5ss cash, invoice só. 5703 Purchased $2,450 of merchandise en eredit from marehant Corp. Sold merchandiae cost.ing 5599 to J. Deyer for $1,449, terma 2/10, n/30, isvoice no. 5704 Bor roved 8,008 eash by signinga sete payable te the bank 12 Sold Berchandise co.ting #250 te R- Lanb tara. n/e. invoice S705. tar 1460, no. 16 Received $1,420 eash trom J. Dryer to pay for the purehase of May 7 9 Soldu store equipment f as sold merchandise eosting 5420 to T. Taylor for 565s, terme/30, invoice mo. 5706. Jounaize the May transactions that should be recorded in the sales journal assuming the perpetual inventory system is Aeeunn Sold Dr. Date Account Debited Involce Number May 02 Prev 1of8 Next> 3 4 9

Answer 1

Sales Journal
Date	Account Debited	Invoice Number	Account Recievable Dr.	Cost of Good Sold Dr.
			Sales                                Cr.	Inventory                  Cr.
May-07	J. Dryer	704	1449	999
May-12	R. Lamb	705	250	400
May-25	T. Taylor	706	420	659

Note: Transactions recorded in Sales journal are in nature sale of Accounts receivable, not sale for cash, issuing note payable , purchase of merchandise. Please mark the answer as helpful if found correct, thanks