Answer:
Finer Company
Sales Journal:
May 7 Debit Accounts Receivable (J. Dryer) $1,527
Credit Sales Revenue $1,527
To record the sale of goods on terms 2/10, n/30, via invoice no. 5704.
May 12 Debit Accounts Receivable (R. Lamb) $421
Credit Sales Revenue $421
To record the sale of goods on terms n/30, via invoice no. 5705.
May 25 Debit Accounts Receivable (T. Taylor) $691
Credit Sales Revenue $691
To record the sale of goods on terms n/30, via invoice no. 5706.
Explanation:
a) Data and Analysis for Sales Journal:
May 7 Accounts Receivable (J. Dryer) $1,527 Sales Revenue $1,527 terms 2/10, n/30, invoice no. 5704.
May 12 Accounts Receivable (R. Lamb) $421 Sales Revenue $421 terms n/30, invoice no. 5705.
May 25 Accounts Receivable (T. Taylor) $691 Sales Revenue $691 terms n/30, invoice no. 5706.
