jitu Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.May 2 Sold merchandise costing $380 to B. Facer for $570 cash, invoice number 5703.May 5 Purchased $2,150 of merchandise on credit from Marchant Corporation.May 7 Sold merchandise costing $1,026 to J. Dryer for $1,488, terms 2/10, n/30, invoice number 5704.May 8 Borrowed $8,000 cash by signing a note payable to the bank.May 12 Sold merchandise costing $257 to R. Lamb for $411, terms n/30, invoice number 5705.May 16 Received $1,458 cash from J. Dryer to pay for the purchase of May 7.May 19 Sold used store equipment (noninventory) for $900 cash to Golf, Incorporated.May 25 Sold merchandise costing $430 to T. Taylor for $675, terms n/30, invoice number 5706.Journalize the following transactions that should be recorded in the sales journal.SALES JOURNALAccountsDate Account Debited Invoice Number Receivable DebitSales CreditCost of GoodsSold DebitInventoryCredit

Name: jitu Finer Company uses a sales journal, purchases journal, cash recei
Uploaded: 2024-03-04T10:43:15.000Z
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Description: jitu Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.May 2 Sold merchandise costing $380 to B. Facer for $570 cash, invoice number 5703.May 5 Purchased $2,150 of merchandise on