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Carla Vista Hardware Store completed the following merchandising transactions in the month of May, At the beginning of May, Carla Vistas' ledger showed Cash of

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Carla Vista Hardware Store completed the following merchandising transactions in the month of May, At the beginning of May, Carla Vistas' ledger showed Cash of $9,000 and Cornmon Stock of $9,000. May 1 Purchased merchandise on account from Block Wholesale Supply for $9,000, terms 1/10,n/30. 2 Sold merchandise on account for $5,400, terms 2/10,n/30. The cost of the merchandise sold was $4,300. 5 Received credit from Black Wholesale Supply for merchandise returned $200. 9 Recelved 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 $4,000. 15 Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Wilhelm Distributors for $3,400, terms 2/10,n/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,n/30. 27 Paid Wilhelm Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $108. The returned merchandise had cost $96. 31 Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $816. \|\| (Tomoind ant af metcharitive wold? Fo noot ales? Co revers enst of manchadise add Cro recoinf payment for returned meechandise) (Te recard cest of goode ecturned) (To recond andir wale) The record cout of poode sald an account eTextbook and Media Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,440. (Round answers to 1 decimal place, e. 3.15.5% J Profit margin Gross profit rate \% eTextbook and Media List of Accounts

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