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 $300 to b. facer for $450 cash, invoice no. 5703.5 purchased $2,400 of merchandise on credit from marchant corp.7 sold merchandise costing $800 to j. dryer for $1,250, terms 2/10, n/30, invoice no. 5704.8 borrowed $9,000 cash by signing a note payable to the bank.12 sold merchandise costing $200 to r. lamb for $340, terms n/30, invoice no. 5705.16 received $1,225 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 $500 to t. taylor for $750, terms n/30, invoice no. 5706.