Enter the beginning cash and common stock balances and post the transactions

Marigold Corp. completed the following merchandising transactions in the month of May. At the beginning of May, the ledger of Marigold Corp. showed Cash of $5,000 and Common Stock of $5,000. May 1 Purchased merchandise on account from Gray's Wholesale Supply $4,300, terms 2/10, 1/30. 2 Sold merchandise on account $1,800, terms 1/10, n/30. The cost of the merchandise sold was $1,600. 5 Received credit from Gray's Wholesale Supply for merchandise returned $300. 9 Received collections in full, less discounts, from customers billed on sales of $1,800 on May 2. 10 Paid Gray's Wholesale Supply in full, less discount. 11 Purchased supplies for cash $400. 12 Purchased merchandise for cash $1,300. 15 Received refund for poor quality merchandise from supplier on cash purchase $100. 17 Purchased merchandise from Amland Distributors $1,200, FOB shipping point, terms 2/10, 1/30. 19 Paid freight on May 17 purchase $200. 24 Sold merchandise for cash $2,800. The merchandise sold had a cost of $2,200. 25 Purchased merchandise on account from Horvath, Inc. $750, FOB destination, terms 2/10,n/30. 27 Paid Amland Distributors in full, less discount. 29 Made refunds to cash customers for defective merchandise $70. The returned merchandise had a fair value of $30. 31 Sold merchandise on account $1,500, terms n/30. The cost of the merchandise sold was $500. Marigold Corp. 's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 126 Supplies, No. 201 Accounts Payable, No. 311 Common Stock, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, and No. 505 Cost of Goods Sold. Enter the beginning cash and common stock balances and post the transactions. Collapse question part Cash No. 101 Date Explanation Ref. Debit Credit Balance May 1 Balance May 9 J1 May 10 J1 May 11 J1 May 12 J1 May 15 J1 May 19 J1 May 24 J1 May 27 J1 May 29 J1 Accounts Receivable Date Explanation No. 112 Balance Ref. Debit Credit May 2 11 May 5 J1 May 31 J1 Inventory Date No. 120 Balance Explanation Ref. Debit Credit May 1 J1 May 2 J1 May 5 J1 May 10 J1 May 12 J1 May 15 J1 May 17 J1 May 19 J1 May 24 01 May 25 J1 May 27 J1 May 29 J1 May 31 J1 Supplies Date No. 126 Balance Explanation Ref. Debit Credit J1 May 11 Accounts Payable Date Explanation No. 201 Balance Ref. Debit Credit May 1 31 May 5 J1 May 10 J1 May 17 J1 May 25 J1 May 27 J1 Common Stock Date Explanation No. 311 Balance Ref. Debit Credit May 1 Balance Sales Revenue Date Explanation No. 401 Balance Ref. Debit Credit May 2 J1 May 24 J1 May 31 J1 No. 412 Balance Debit Credit Sales Returns and Allowances Date Explanation Ref. May 29 - J1 Sales Discounts Date Explanation Ref. No. 414 Balance Debit Credit May 9 J1 No. 505 Cost of Goods Sold Date Explanation Ref. Debit Credit Balance May 2 J1 May 24 J1 May 29 J1 May 31 J1