Blue Spruce Hardware Store Inc. completed the following merchandising transactions in the month of May $2025.$ At the beginning of

May, Blue Spruce's ledger showed Cash of $$10,400$ and Common Shares of $$10,400.$

May $1$ Purchased merchandise on account from Hilton Wholesale Supply for $$10,400,$ terms $\frac{2}{10},\frac{n}{30}.$

$2$ Sold merchandise on account for $$5,500,$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $$4,600.$

$5$ Received credit from Hilton Wholesale Supply for merchandise returned $$360.$

$9$ Received collections in full from customers billed on May $2.$

$10$ Paid Hilton Wholesale Supply in full, less discount.

$11$ Purchased supplies for cash $$1,100.$

$12$ Purchased merchandise for cash $$3,200.$

$15$ Received $$400$ refund for return of poor$-$quality merchandise from supplier on cash purchase.

$17$ Purchased merchandise from Northern Distributors for $$3,000,$ terms $\frac{2}{10},\frac{n}{30}.$

$19$ Paid freight on May $17$ purchase $$400.$

$24$ Sold merchandise for cash $$6,300.$ The cost of the merchandise sold was $$4,700.$

$25$ Purchased merchandise from Toolware Inc. for $$1,000,$ terms $\frac{3}{10},\frac{n}{30}.$

$27$ Paid Northern Distributors in full, less discount.

$29$ Made refunds to cash customers for returned merchandise $$140.$ The returned merchandise was returned to

inventory and had cost $$112.$

$31$ Sold merchandise on account for $$1,400,$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $$1,100.$

Blue Spruce Hardware uses a perpetual inventory system and expects a return rate of $3\%$ on all sales.

$($a$)$

Your answer is partially correct.

Record the above transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If

no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round your answers to $0$ decimal places, e$.$g$.$

$5,275.$ Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$