BACA ment CALCULATOR FULL SCREEN PRINTER VERSION Pharoah Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledger of Pharoah showed Cash of 54,500 and Owner's Capital of 54,500 May I purchased merchandise on account from Braun's Wholesale Supply $3,800, terms 2/10, 1/30 2 Sold merchandise on account 51,800, terms 1/10, 1/30. The cost of the merchandise sold was $1,200 5 Reolved credit from 's Wholesale Supply for merchandise returned $250. Received collections in full les discounts, from customers bied on sales of $1,800 on May 2 10 Pod Braun's Wholesale Supply in less discount 11 Purchased supplies for coth 550 12 Purchased merchandise for 1,500 15 Motiverend for poor quality merchandise from supplier on cash purchase $150. 12 Purchased merchandise from Valley Distributors 51,400, FOB shipping point terms 2/10, 1/30 19 Paid right on May 17 purchase $100 24 solo merchands for cash 3,400. The merchandise old had a cost of $2,200 25 inche merchandise on account from Lumley, Inc. 5750, FOB destination, terms 2/10, 1/30 27 Paid Valley in count 39 Museunds to the button for defective merchandise 500. The returned merchand had a fair value of $20. 31 merchandise on count 51,000, 30. The cost of the merchandise sold wat 5500 Warna chat counts in the Town No. 101 Ch No. 112 Accounts Receivable, No 120 litry, No. 126 Supplies, NO 201 Accounts Payable, No 301 Owners CN 01 Sesve, 12 ms and A No 114 Sales Decounts and N505 cost of Goods Sold Just the trainers inventorytem (Credit account titles are automatically indented when amount is entered, 0 not indent manually. Record Journantes the terrested in the problem Journalize the transactions using a perpetual inventory system(Credit account titles are automatically Indented when amount is entered. Do not Indent manually. Record Journal entries in the order presented in the problem.) Data Account Tities and Explanation Debit Credit (To record credit To record of merchandise Enter the beginning cash and capital balances and post the transactions. (Post entries in the order of journal entri Cash Date No. 101 Balance Ref. Explanation Credit Debit Balance 31 J1 01 31 J1 J1 31 31 Accounts Recelvable Date Explanation No. 112 Balance Ref. Debit Credit 31