Cullumber Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Cullumbers' ledger showed Cash of $9,500 and Common Stock of $9,500. May 1 Purchased merchandise on account from Black Wholesale Supply for $9,500, terms 1/10, n/30. 2 Sold merchandise on account for $5,900, terms 2/10, n/30. The cost of the merchandise sold was $4,800. 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 $4,500. 15 Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Wilhelm Distributors for $3,900, 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 $88. The returned merchandise had cost $84. 31 Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $809. 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 0 decimal places, e.g. 5,275.) Cash 4 4 > Accounts Receivable Inventory + > Supplies Accounts Payable 4 A Common Stock Sales Revenue 4 Sales Returns and Allowances Sales Discounts Cost of Goods Sold >