having trouble with may 15

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Allled Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (seller) products. May 3 Allied sade 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). May 5 Allied sold 1.600 of the units in inventory for 514 per unit invoice total: $14,000 to Macy Company under Credit ters 2/10, 1/60. The goods cost Allied 510,000 May ? Macy returns 100 units because they did not fit the customer's needs invoice amount: $1,400). Allied restores the units, which cost $1,000, to its inventory. May Macy discovers that 100 units are scuffed but are stilt of use and, therefore, keeps the units. Allied gives price reduction allowance) and credits Macy's accounts receivable for 5600 to compensate for the damage May 15 Allied receives payment from Macy for the sount owed on the May 5 purchase payment is net of returns, allowances, and my cash discount Exercise 4-8 (Algo) Recording purchases, purchases returns, and purchases allowances LO P1 Prepare the appropriate journal entries for Macy Company to record each of the May transactions. Macy is a retailer that uses the grous method and a perpetual inventory system, it purchase these units for resale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) General Journal De Credo 2 1400 14.000 1.400 . 100