Caden Carson opened Caden's Cosmetic Market on May 1. A 12% sales tax is calculated and added to all cosmetic sales. Caden offers no sales discounts. The following transactions occurred in May: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize record, and post as appropriate. Assume a perpetual inventory system. (Record debits first, then credits. Exclude explanations from journal entries. For purposes of this problem, ignore posting references.) May 1: Caden Carson invested $6,500 in the Cosmetic Market from his personal savings account. Choose from any list or enter any number in the input fields and then continue to the next question. 201X May 1 Caden Carson invested $6,500 in the Cosmetic Market from his personal savings account. 5 From the cash register tapes, lipstick cash sales were $4,900, plus sales tax. The cost of the merchandise was $3,430. 5 From the cash register tapes, eye shadow cash sales were $2,200, plus sales tax. The cost of the merchandise was $1,100. 8 Sold lipstick on account to Loreen Kraatz Co., $150, sales ticket no. 1, plus sales tax. The cost of the marobandinaven con 8 Sold lipstick on account to Loreen Kraatz Co., $150, sales ticket no. 1, plus sales tax. The cost of the merchandise was $90. 9 Sold eye shadow on account to Anabelle Ryan Co., $700, sales ticket no. 2, plus sales tax. The cost of the merchandise was $420. 15 Issued credit memorandum no. 1 to Loreen Kraatz Co. for $50 for lipstick returned. (Be sure to reduce Sales Tax Payable for Caden.) The cost of the merchandise was $30. 19 Anabelle Ryan Co. paid half the amount owed from sales ticket no. 2, dated May 9. 21 Sold lipstick on account to Dan Sears Co., $100, sales ticket no. 3, plus sales tax. The cost of the 21 Sold lipstick on account to Dan Sears Co., $100, sales ticket no. 3, plus sales tax. The cost of the merchandise was $60. 24 Sold eye shadow on account to Emma Trumble Co., $1,100, sales ticket no. 4, plus sales tax. The cost of the merchandise was $660. 25 Issued credit memorandum no. 2 to Dan Sears Co. for $50 for lipstick returned from sales ticket no. 3, dated May 21. The cost of the merchandise was $30. 29 Cash sales taken from the cash register tape showed the following: 1. Lipstick: $850 + $102 sales tax collected. The cost of the merchandise was $425. 11 25 issued credit memorandum no. 2 to Dan Sears Co. for $50 for upstick returned from sales ticket no. 3, dated May 21. The cost of the merchandise was $30. 29 Cash sales taken from the cash register tape showed the following: 1. Lipstick: $850 + $102 sales tax collected. The cost of the merchandise was $425. 2. Eye shadow: $3,600 + $432 sales tax collected. The cost of the merchandise was $2,160. 29 Sold lipstick on account to Anabelle Ryan Co., $400, sales ticket no. 5, plus sales tax. The cost of the merchandise was $120. 31 Received payment from Anabelle Ryan Co. of sales ticket no. 5, dated May 29