Allied Parts was organized on May 1, 2015, and made its first purchase of merchandise on May 3. The purchase was for 1,900 units at a price of $11 per unit. On May 5, Allied Parts sold 1140 of the units for $15 per unit to Baker Co. Terms of the sale were 2/10 n/60. a. On May 7, Baker returns 399 units because they did ot fit the customer's needs. Allied Parts restores the units to its inventory. b. On May 8, Baker discovers that 95 units are damaged but are still of some use and therefore, keeps the units. Allied Parts sends Baker a credit memorandum for $665 to compensate for the damage. c. On May 15, Baker discovers that 114 units are the wrong color. Baker keeps 68 of these units because Allied Parts sends a $134 credit memorandum to compensate. Baker returns the remaining 46 units to Allied Parts. Allied Parts restores the 46 returned units to its inventory. Prepare entries for Allied Parts to record the May 5 sale and each of the above separate transactions using a perpetual inventory system. View transaction list Journal entry worksheet