date, account title and explanation, debit, credit

Current Attempt in Progress 5 9 Concord Hardware Store Inc. completed the following merchandising transactions in the month of May 2022. At the beginning of May. Concord's ledger showed Cash of $7.200 and Common Shares of $7,200 May 1 Purchased merchandise on account from Hilton Wholesale Supply for $7.200, terms 2/10,n/30. 2 Sold merchandise on account for $3,900, terms /30. The cost of the merchandise sold was $3,000. Received credit from Hilton Wholesale Supply for merchandise returned $200. Received collections in full from customers billed on May 2. 10 Paid Hilton Wholesale Supply in full, less discount Purchased supplies for cash $780, Purchased merchandise for cash $2,400. Received $240 refund for return of poor quality merchandise from supplier on cash purchase. Purchased merchandise from Northern Distributors for $2,200, terms 2/10, 1/30. 19 Paid freight on May 17 purchase $240. Sold merchandise for cash $4,700. The cost of the merchandise sold was $3,600. Purchased merchandise from Toolware Inc. for $680, terms 3/10, 1/30, 27 Paid Northern Distributors in full, less discount 29 Made refunds to cash customers for returned merchandise $108. The returned merchandise was returned to inventory and had cost $80. 31 Sold merchandise on account for $1,000, terms /30. The cost of the merchandise sold was $780. 11 12 15 17 24 25 Concord Hardware uses a perpetual inventory system and expects a return rate of 3% on all sales. is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts. Round answers to the nearest whole dollar, e.g. 5,775. List all debit entries before credit entries.) Date Account Titles and Explanation Debit (Sale of merchandise on account) (Cost of goods sold recorded) . Question 2 of 5