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Chapter 3 (15 pts) Inventory Sales Transaction -Tia's Craft Shop had the following transactions in the month of May: May 1 Tia purchased inventory on

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Chapter 3 (15 pts) Inventory Sales Transaction -Tia's Craft Shop had the following transactions in the month of May: May 1 Tia purchased inventory on credit for $420, with terms 3/10, 1/30. May 6 Tia returned $100 of damaged merchandise. May 9 Tia paid for merchandise purchased on May 1. May 13 Tia sold merchandise to SAVE, Inc. on credit for $600, with terms 2/10,n/30, and cost of $350. May 15 SAVE, Inc. returned $200 worth of merchandise, with a cost of $116. May 18 Tia paid $50 of freight charges for inventory purchased in April May 23 SAVE, Inc paid for merchandise purchased on the 134

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