Hutton Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursement journal, and a general journal. The following transactions occur in the month of March:
Mar. 2 Sold merchandise costing $300 to B. Fager for $450 cash, invoice no. 5703.
5 Purchased $2,300 of merchandise on credit from Marsh Corp.
7 Sold merchandise costing $800 to J. Dryer for $1,150, terms 2
10, n
30, invoice no. 5704.
8 Borrowed $8,000 cash by signing a note payable to the bank.
12 Sold merchandise costing $200 to R. Land for $320, terms n
30, invoice no. 5705.
16 Received $1,127 cash from J. Dryer to pay for the purchase of March 7.
19 Sold used store equipment for $900 cash to Malone, Inc.
25 Sold merchandise costing $350 to T. Burton for $550, terms n
30, invoice no. 5706.
Prepare headings for a sales journal like the one in Exhibit 7.5. Journalize the March transactions that should be recorded in this sales journal.

Please let me know if i have journalized the accounts correctly

The sales journal should only consist of
Mar 2, 7, 12, and 25 transaction with account receivable dr. sales cr. totaling 2470 / with cost of goods sold dr. inventory cr. totalling 1650

In the account receivable ledger i have the same dates listed
Mar 2 Dr. 450 Balance 450
7 Dr. 1150 Balance 1150
12 Dr. 320 Balance 320
25 Dr. 550 balance 550

In the General Ledger

Acct Rev. dr. 2470 bal 2470
Inventory cr. 1650 1650
Sales cr. 2470 2470
COGS dr. 1650 1650

Or was i to include the other transaction that has happen during the month

omsailogistic

First of all, can you please explain why you are passing entry

cost of goods sold dr.1650
inventory cr.1650

I think we need not to pass entries for costing part, as these are automatically handled by puchase ledger and costing deptt.

In financial accounting the sale transaction is recorded with sale value and no other transaction is required to be made. Since we have not given in the question that the inventory is first purchased and then sold.

It is always assumed that the goods are sold from the stock.

Please let me know, what are you thinking while you journalize that entry.