Here the list of Account Names the system wants me to use:

• Accounts Payable
• Accounts Receivable
• Cash
• Cost of Goods Sold
• Freight In
• Merchandise Inventory
• Operating Expenses
• Purchase Returns and Allowances
• Purchases
• Sales
• Sales Returns and Allowances

Prepare journal entries to record the May 4 purchase and the May 3 and 16 sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit May 3 Merchandise Inventory 5,200 Accounts Payable 5,200 (To record sales on account.) May 3 Accounts Receivable 1,750 Sales 1,750 (To record cost of goods sold.) May 4 Cost of Goods Sold 1,000 10 Merchandise Inventory 1,000 (To record purchase on account.) May 16 Accounts Receivable 7,000 Sales 7,000 (To record sales on account.) May 16 Cost of Goods Sold 4,000 Merchandise Inventory 4.000 (To record cost of goods sold.) Prepare journal entries to record the May 4 purchase and the May 3 and 16 sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit May 3 Merchandise Inventory 5,200 Accounts Payable 5,200 (To record sales on account.) May 3 Accounts Receivable 1,750 Sales 1,750 (To record cost of goods sold.) May 4 Cost of Goods Sold 1,000 10 Merchandise Inventory 1,000 (To record purchase on account.) May 16 Accounts Receivable 7,000 Sales 7,000 (To record sales on account.) May 16 Cost of Goods Sold 4,000 Merchandise Inventory 4.000 (To record cost of goods sold.)