7 N 9 10 11 12 NNNNNN8aaaaa Bill's Music sells CDs. They have the following transactions for May. 5/1 Purchase 1000 CDs on account (2/10 n30 FOB Shipping) at $3 each and put into inventory 5/2 Freight on the 5/1 purchase was $250. Pay in cash 5/5 Sel 100 CDs for $1,200 - on account. CDs sold cost $300. Terms are 1/10 n30 5/7 Return 50 of the CDs purchased on 5/1 - defective ($3 each) 5/8 Pay for the CDs (not the freight) purchased on 5/1 - net of returns/discount 5/9 Receive Payment for sale on 5/5 5/29 Pay salaries of $500 Inventory 5/30 Buy 100 more CDs at 54 each - cash 5/31 Sell 200 CDs for $2,500 - all cash. CDs sold cost $600. 19 What is the ending balance of the Inventory Account 22 Use the space below to make all entries for the month. ACCOUNT DEBIT CREDIT 1-May 2 May 30 5-May 33 34 28 7-May 39 40 41 8. May 44 9.May 50 29 May 51 30-May 96 ST SH 31-May 60 61