I have this financial statement to prepare plue 3 more similar in two hours. Can some please help here? I have attached a copy for assistance .

Thank you

Print by: Nicole Hanson 92043-ACC-2410-DEAB1: Fund of Financial Accounting Distant Education Online Fall 2016-2017 / Week 6 Graded Assignment *Problem 5-1A Winters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Winters' ledger showed Cash of $8,800 and Common Stock of $8,800. May 1 Purchased merchandise on account from Black Wholesale Supply for $8,500, terms 1/10, n/30. 2 Sold merchandise on account for $4,700, terms 2/10, n/30. The cost of the merchandise sold was $3,525. 5 Received credit from Black Wholesale Supply for merchandise returned $500. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Black Wholesale Supply in full, less discount. 11 Purchased supplies for cash $990. 12 Purchased merchandise for cash $3,410. 15 Received $253 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Wilhelm Distributors for $3,950, terms 2/10, n/30. 19 Paid freight on May 17 purchase $275. 24 Sold merchandise for cash $6,050. The cost of the merchandise sold was $4,510. 25 Purchased merchandise from Clasps Inc. for $880, terms 3/10, n/30. 27 Paid Wilhelm Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $135. The returned merchandise had cost $97. 31 Sold merchandise on account for $1,408, terms n/30. The cost of the merchandise sold was $913. Warning Don't show me this message again for the assignment Ok Cancel Journalize the transactions using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Wa rni ng (To record credit sale) Don't show me this message again for the assignme nt Ok (To record cost of merchandise sold) May 9 Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances. (Post entries in the order of journal entries posted in part (a). Round answers to 0 decimal places, e.g. 5,275.) Cash (To record sales) (To record cost of merchandise sold) Accounts Receivable Inventory (To record payment for returned merchandise) (To record cost of goods returned) (To record credit sale) Supplies (To record cost of goods sold on account) Accounts Payable Prepare an income statement through gross profit for the month of May 2017. (Round answers to 0 decimal places, e.g. 5,275.) WINTERS HARDWARE STORE Income Statement (Partial) Don't show me this message again for the assignment Warning Ok Cancel $ : $ $ Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,540.) (Round answers to 1 decimal place, e.g. 15.5%.) Profit margin % Gross profit rate % Warning Don't show me this message again for the assignment Ok Cancel Question Attempts: 0 of 3 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. Object 1 How can we help you? powered by Get Technical Support