GGB recently purchased a top-of-the-line desktop deluxe printing calculator from one of its suppliers, Exact Calculators (EC), in the hopes of reselling it to a local accounting firm, record the appropriate journal entries that GGB must record in relation to the following events at each date listed below (it is not necessary to restate the date in each entry, just provide the journal entries that each event requires below the event in the space provided the suggested number of journal entries required is specified, although some students may combine entries): May 2/3 GGB paid $5,000 cash to EC for the deluxe calculator on May 2. GGB paid an additional $100 cash on May 3 to Purolator to have the calculator shipped to the store premises (2 journal entries) May 5 Machine LLP (MLLP), an accounting firm, decides to order the calculator from GGB for $8,000, GGB a cash deposit of $4,000 on May 5, the calculator will be delivered to the firm in 1-2 weeks (1 journal entry) MLLP pays May 6/7 GGB realizes that the display on the calculator is dim and appears to have issues. GGB purchases a new display for $50 and repairs the calculator. As compensation for the issue and the inconvenience, EC provides GGB with a $200 cash allowance. (2 journal entries) May 14 GGB delivers the calculator and corresponding invoice to MLLP, thereby satisfying all performance obligations related to the transaction (2 journal entries), MLLP is excited and cannot wait to begin using the calculator May 26 MLLP pays GGB the remaining $4,000 that it owes for the calculator. When the calculator was delivered on May 14, the terms on the invoice dated May 14 for the remaining amount owing had said "3 20. n 60" (1 journal entry)