Grouper Hardware Store Inc. completed the following merchandising transactions in the month of May 2022. At the beginning of May, Groupers ledger showed Cash of $7,400 and Common Shares of $7,400.

May 1 Purchased merchandise on account from Hilton Wholesale Supply for $7,400, terms 2/10, n/30.

2 Sold merchandise on account for $4,100, terms n/30. The cost of the merchandise sold was $3,030.

5 Received credit from Hilton Wholesale Supply for merchandise returned $200.

9 Received collections in full from customers billed on May 2.

10 Paid Hilton Wholesale Supply in full, less discount.

11 Purchased supplies for cash $920.

12 Purchased merchandise for cash $2,880.

15 Received $240 refund for return of poor-quality merchandise from supplier on cash purchase.

17 Purchased merchandise from Northern Distributors for $2,300, terms 2/10, n/30.

19 Paid freight on May 17 purchase $260.

24 Sold merchandise for cash $5,000. The cost of the merchandise sold was $4,310.

25 Purchased merchandise from Toolware Inc. for $730, terms 3/10, n/30.

27 Paid Northern Distributors in full, less discount.

29 Made refunds to cash customers for returned merchandise $110. The returned merchandise had cost $80.

31 Sold merchandise on account for $1,300, terms n/30. The cost of the merchandise sold was $870.

Grouper Hardware uses a periodic inventory system and expects a return rate of 3% on all sales.

Record the above transactions

Date Account Titles and Explanation Debit Credit