fill in each thank you

Required information [The following information applies to the questions displayed below] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) product: May 3 Allied made Its first and only purchase of Inventory for the period on May 3 for 2,000 units at price of $10 cash per unit (for a total cost of $20,000 ). May 5 Allied nold 1,000 of the units in inventory for $14 per unit (invoice totalf $14,000 ) to Macy under credit terns 2/10,n/60. The goods cost Allied $10,000. May 7 Macy returns 100 units because they did not fit the customer's needs (invoice anountr $1,400 ). restores the anits, which cost $1,000, to its inventory. May 8 Macy discovers that 100 units are scuffed but are stili of use and, therefore, keeps the units. given a price reduction (allomance) and credits Macy's accounts receivable for $600 to compensat the damaqe. Kay is Allied receiven paysent from Macy for the anount oned on the May 5 purchase; payment is net of returns, allowances, and any eanh disoount. Prepore journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the nethod. Journal entry worksheet Required information [The following information applies to the questions displayed below] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) product May 3 kilied ande its firat and only purchase of inventory for the period on May 3 for 2,000 units at price of $10 canh per unit (for a total cost of $20,000 ). May 5 allied sold 1,000 of the units in inventory for $14 per unit (invoice total: $14,000 ) to Macy under credit terns 2/10,n/60. The goods cost Allied $10,000. May 7 Macy returns 100 units because they did not fit the customer's needs (invoice anount: $1,400 ). A restores the unlts, which cost $1,000, to its inventory. May 8 Macy discovorn that 100 units are scuffed but are still of use and, therefore, keeps the units. gives a price reduction (allovance) and oredits Macy's accounts receivable for $600 to compensat. the damage. Kay 15 Allied receiven payment from Macy for the amount oned on the May 5 purchase; payment is net of returns, allewancess, and any cash discount. repare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the nethod. Journal entry worksheet Required information [The following information applies to the questions displayed below] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) pro May 3 Allied nade its first and only purchase of inventory for the period on May 3 for 2,000 unit price of $10 cash per unit (for a total cost of $20,000 ). Kay 5 Allied sold 1,000 of the units in inventory for $14 per unit (involce total: $14,000 ) to Mad under eredit terns 2/10,n/60. The goods cost Allied $10,000. May 7 Macy returns 100 units because they did not fit the customer's needs (involee anount $1,400 restores the units, which cost $1,000, to its inventory. Kay 8 Kacy discovers that 100 units are scuffed but are still of use and, therefore, keeps the uni gives a price reduction (allovance) and credits Macy's accounts receivable for $600 to compe the danage. May 15 Allied receives paynent from Macy for the anount owed on the May 5 purehase; payment is net. returas, sllowasces, and any cash discount. Prepare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and method. Journal entry worksheet Macy discovers that 100 units are scuffed but are stal of use and, therefore, keeps the units. Alied gives a price reduction (allowance) and credits Macy's accounts receivable for $600 to compensate for the damage. Wotn: froter cevits betore ondits. Required information [The following information applies to the questions displayed below] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) prodt May 3 xllied nade its first and only purchase of inventory for the period on May 3 for 2,000 units price of $10 eash per unit (for a total cost of $20,000 ). May 5 allied sold 1,000 of the units in inventory for $14 per unit (invoice total, $14,000 ) to Macy under eredit terns 2/10,n/60. The goods cost Alli ied $10,000. May 7 Macy returns 100 units because they did not fit the custoser's needs (invoice amount $1,400 ) restores the units, which cost $1,000, to its inventory. May \& Macy discovers that 100 units are scutfed but are stili of use and, therefore, keeps the unit gives a price reduction (allowance) and eredits Macy's accounts receivable for $600 to compens. the damege. May is Ailied receiven payment fron Macy for the asount owed on the May 5 purchase; payment is net of returns, allowsaces, and any eanh discount. Prepare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and method. Journal entry worksheet Required information [The following information applies to the questions displayed below.] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) products. Mny 3 Allied ande ita first and only purehase of inventory for the period on May 3 for 2,000 units at a price of $10 cash per unit (for a total cost of $20,000). May 5 Allied wold 1,000 of the units in inventory for $14 per unit (invoice total: $14,000 ) to Macy Coepp undet credit terms 2/10,n/60. The goods cost Allied $10,000. ray 7 Macy returns 100 units because they did not fit the customer's needs (invoice asount: $1,400 ). All restores the units, wich cost $1,000, to its inventory. kay s Mscy disclvers that 100 units are scuffed but are stili of use and, therefore, keeps the units. All gives a price reduction (allowance) and eredits Macy's accounta receivable for $600 to conpenatate the dasage. May 15 allied receives payment froa Macy for the amount oved on the May 5 purohases payment is not of returns, allowabees, and sny cash dimoount. repare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the gi tethod. Journal entry worksheet 34567 Wilied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $10 Cash per unit (for a total cost of $20,000 ). Required information [The folfowing information applies to the questions displayed below.] Aliled Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) produc May 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units a price of $10 eash per unit (for a total cost of $20,000 ). kay 5 Allied sold 1,000 of the unita in inventory for $14 per unit (invoice totals $14,000 ) to Macy under credit termin 2/10,B/60. The goods cost Allied $10,000. Kay 7 Macy returns 100 units because they did not fit the customer's needs (involce amount $1,400 ). reatores the units, which cost $1,000, to its inventory. May 8 Macy discovers that 100 units are scuffed but are stili of use and, therefore, keeps the units. gives a price reduction (allowance) and credits Macy's accounts receivable for $600 to conpensa the danage. May is Allied receives payment from Macy for the anount owed on the May 5 purehase; payant is net of returns, allowances, and any eash dincount. epare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and th iethod. Journal entry worksheet Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any fish discount. hole: triner deves before oredts. Required information [The following information applies to the questions displayed below] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) product May 3 Allied made its first and only purchase of inventory for the period on Kay 3 for 2,000 unita at price of $10 cash per unit (for a total cost of $20,000 ). May 5 Allied sold 1,000 of the units in inventory for $14 per unit (invoice total: $14,000 ) to Macy Co under credit terns 2/10,n/60. The goods cost Allied $10,000. Kay 7 Macy returns 100 units because they did not fit the custoser's needs (invoice amount $1,400 ). A restores the units, which cost $1,000, to ita inveatory. May 8 Kacy discovers that 100 units are seuffed but are stili of use and, therefore, keeps the unfts. gives a price reduction (allowance) and credits Macy' a accounts receivable for $600 to compensate the danage. May is Allied receives paynent fron Macy for the amount owed on the May 5 purchase; payment is net of returns, allowasces, and any cash discouat. repare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the nethod. Journal entry worksheet Alied sold 1,000 of the units in inventory for $14 per unit (involce total: $14,000) to Macy Company under credit terms 2/10, N/60