Blossom Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Blossoms ledger showed Cash of $9,300 and Common Stock of $9,300. May 1 Purchased merchandise on account from Black Wholesale Supply for $9,300, terms 1/10,n/30. 2 Sold merchandise on account for $5,700, terms 2/10, 1/30. The cost of the merchandise sold was $4,600. 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 full, less discount. 11 Purchased supplies for cash $900. 12 Purchased merchandise for cash $4,300. 15 Received $230 refund for return of poor quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Wilhelm Distributors for $3.700, terms 2/10, 1/30 19 Paid freight on May 17 purchase $250. 24 Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100 25 Purchased merchandise from Clasps inc. for $800, terms 3/10, 1/30 27 Paid Wilhelm Distributors in full, less discount 29 Made refunds to cash customers for returned merchandise $98. The returned merchandise had cost $80. 31 Sold merchandise on account for $1.280, terms 1/30. The cost of the merchandise sold was $851. Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances. (Post entries in the order of journal entries posted in part (a). Round answers to O decimal places, s. 5.275.) Cash 5/9 5586 9009 5/15 230 5/11 900 5500 5/12 4300 5/19 5/27 Accounts Receivable Inventory