2/c6 how to calculate journal entries?

On May 1, Blossom Company had 380 units of inventory on hand, at a cost of $4.00 each. The company uses a perpetual inventory system. All purchases and sales are on account. A record of inventory transactions for the month of May for the company is as follows: Prepare journal entries to record the May 4 purchase and the May 3 and 16 sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) May 4 Purchases 5600 Accounts Payable 5600 (To record purchase on account.) May 16 Accounts Receivable 7000 Sales (To record sales on account.) May 16 Cost of Goods Sold Merchandise Inventory (To record cost of goods sold.)