as/ui/v2/asse on 5 of 5 -/2.5 E Colada Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the er of Pina Colada showed Cash of $7,900 and Common Stock of $8,600. ay 1 Purchased merchandise on account from Black Wholesale Supply for $8,700, terms 1/10, n/30. 2 Sold merchandise on account $4,800, terms 2/10, n/30. The cost of the merchandise sold was $3,200. 5 Received credit from Black Wholesale Supply for merchandise returned $200. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Black Wholesale Supply in fun, less discount. 11 Purchased supplies for cash $900. 12 Purchased merchandise for cash $2,900. 15 Received $230 refund for return of poor quality merchandise from supplier on cash purchase. 17 19 Purchased merchandise on account from Wilhelm Distributors for $2,700, terms 2/10, n/30, FOB shipping point. Paid freight on May 17 purchase $270. 24 Sold merchandise for cash $5,800. The merchandise sold had a cost of $4,400. 25 Purchased merchandise on account from Clasps, Inc. for $800, terms 3/10, n/30. 27 Paid Wilhelm Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $126. The returned merchandise cost $8. 31 Sold merchandise on account for $1,150 terms n/30. The cost of the merchandise sold was $760. MacBook Pro