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 $ 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 for $ 900 cash to Golf, Inc.

25 Sold merchandise costing $ 500 to T. Taylor for $ 750, terms n/30, invoice no. 5706.

Prepare headings for a sales journal like the one in Exhibit 7.5. Journalize the May transactions that should be recorded in this sales journal.