AP-12A LO 7-3\ The following transactions took place at Science Supplies during May 2022.\ May 14 Sold merchandise on credit to Elements for

$10,000

, terms

(2)/(10),(n)/(30)

, FOB destination; cost of

g

May 14 Science Supplies paid

$50

to ship the goods to Elements\ May 16 Elements retumed

$500

(sales price) worth of merchandise purchased on May 14: cost of goods\ May 17 Received payment from Elements for the May 14 sale\ May 18 Sold merchandise on credit to Litmus for

$6,000

, terms

(2)/(10),(n)/(30)

; cost of goods was

$3,600

\ May 26 Litmus kept the merchandise purchased on May 18; however, some of it was defectlve so Scieno\ May 31 Recelved payment from Litmus for the May 18 sale\ Journalize the above transactions assuming that Science Supplies uses a perpetual inventory system.\ Round all calculations to the nearest dollar.

The following transactions took place at Science Supplies during May 2022. \begin{tabular}{ll} May 14 & Sold merchandise on credit to Elements for $10,000, terms 2/10,n/30, FOB destination; cost of 8 \\ May 14 & Sclence Supplies paid $50 to ship the goods to Elements \\ May 16 & Elements returned $500 (sales price) worth of merchandise purchased on May 14 ; cost of goods \\ May 17 & Received payment from Elements for the May 14 sale \\ May 18 & Sold merchandise on credit to Litmus for $6,000, terms 2/10,n/30; cost of goods was $3,600 \\ May 26 & Litmus kept the merchandise purchased on May 18 ; however, some of it was defective so Scienc \\ May 31 & Recelved payment from Litmus for the May 18 sale \end{tabular} Journalize the above transactions assuming that Science Supplies uses a perpetual inventory system. Round all calculations to the nearest dollar. The following transactions took place at Science Supplies during May 2022. \begin{tabular}{ll} May 14 & Sold merchandise on credit to Elements for $10,000, terms 2/10,n/30, FOB destination; cost of 8 \\ May 14 & Sclence Supplies paid $50 to ship the goods to Elements \\ May 16 & Elements returned $500 (sales price) worth of merchandise purchased on May 14 ; cost of goods \\ May 17 & Received payment from Elements for the May 14 sale \\ May 18 & Sold merchandise on credit to Litmus for $6,000, terms 2/10,n/30; cost of goods was $3,600 \\ May 26 & Litmus kept the merchandise purchased on May 18 ; however, some of it was defective so Scienc \\ May 31 & Recelved payment from Litmus for the May 18 sale \end{tabular} Journalize the above transactions assuming that Science Supplies uses a perpetual inventory system. Round all calculations to the nearest dollar