I need help with purchases and sales transactions related to merchandise. I specifically need help in journalizing and posting them to appropriate ledger accounts.

PERFORMANCE QUESTION #3 Journalize the following purchases and sales transactions related to merchandise and post them to the appropriate ledger accounts provided: May 10 Purchased $65,000 of merchandise from Atlas Company on account, terms 2/10, n30. Assume you will pay within the discount period. May 16 Paid the amount owed within the discount period for the May 10 purchase. May 20 Discovered that $7,500 of previously purchased merchandise received was defective and returned the items, receiving credit. MY 21 Received $7,800 of additional merchandise ordered from Atlas Company on account, terms n/30 May 21 Sold merchandise in a cash sale, $30,000. The cost of the merchandise was $18,000. May 25 sold merchandise on account, $114,000. The cost of the Merchandise sold was $96,000. May 29 sold merchandise to customers who used their MasterCard, $160,000. The cost of the merchandise sold was $106,000