DI J IVIUJIU JIJ UDU. THUY VUIUIUIUVILI U DULUUIIU IUI IViey. 8 9 5/1 10 5/2 11 5/5 12 13 5/7 14 5/8 15 5/9 16 5/29 17 5/30 18 5/31 Purchase 1000 CDs on account (2/10 n30 FOB Shipping) at $3 each and put into inventory Freight on the 5/1 purchase was $250. Pay in cash Sell 100 CDs for $1,200 - on account. CDs sold cost $300. Terms are 1/10 n30 Return 50 of the CDs purchased on 5/1 - defective ($3 each) Pay for the CDs (not the freight) purchased on 5/1 - net of returns/discount Receive Payment for sale on 5/5 Pay salaries of $500 Buy 100 more CDs at $4 each - cash Sell 200 CDs for $2,500 - all cash. CDs sold cost $600. 20 What is the ending balance of the Inventory Account Use the space below to make all entries for the month. ACCOUNT DEBIT 1-May CREDIT 25 26 2-May 5-May 38 7-May 42 8-May 9-May 50 29-May 30-May 55 57 58 31-May