heducation.com/ext/map/index.html?cona con external browserslaunchUn https%253A%252F%252Fsunyoc open.suny.edu%252Fwebapps mework Swed Required information The following loformation applies to the questions displayed below) Allied Merchandisers was organized on May 1 Macy Co is a major customer (buyer) of Allied (seller products May 13 Allied made its first and only purchase of inventory for the period on May 3 for 1,000 units at a price of $9 cash per unit (for a total cost of 59,000) 5. Allied sold sea of the units in Inventory for 513 per unit (invoice total: 56,580) to Macy Co. under credit ters 2/10, 1760. The goods cost Allied $4,500. 7. Macy returns 50 units because they did not fit the customer's needs (invoice sount: $650). Allied restores the units, which cost $450, to its inventory. 8 Macy discovers that 50 units are scuffed but are still of use and, therefore, keeps the units. Allied gives a prile reduction allowance) and credits Macy's accounts receivable for $25e to compensate for the damage. 15 Allied receives payment from Macy for the amount owed on the May 5 purchase: payment is net of returns allowances, and any cash discount. epare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the gross ethod View transaction list Journal entry worksheet 2 3 4 5 6 7 All