Allied Merchandisers was organized on May$1.$ Macy Co$.$ is a major customer of Allied products. Prepare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the gross method.

May $3$ Allied made its first and only purchase of inventory for the period on May $3$ for $2,000$ units at a price of $$10$ cash per unit.

$5$ Allied sold $1,500$ of the units in inventory for $$14$ per unit to Macy Co$.$ under credit terms $\frac{2}{10},\frac{n}{60}.$ The goods cost Allied $$15,000.$

$7$ Macy returns $125$ units because they did not fit the customer's needs. Allied restores the units into its inventory.

$8$ Macy discovers that $200$ units are scuffed but are still of use and, therefore, keeps the units. Allied gives an allowance and credits Macy's accounts receivable for $$300$ to compensate for the damage.

$15$ Allied receives payment from Macy for the amount owed on the May $5$ purchase.