I need the recording purchases, purchase returns, and purchase allowances

Required information Use the following information for the Exercises below. The following information applies to the questions displayed belowj Allied Merchandisers was organized on May 1. Macy Co. is a major customer (buyer) of Allied (seller) products. May 3 Allied made its first and only purchase of inventory for the period on lay 3 for 2,000 units at a price of $1e 5 Allied sold 1,500 of the units in inventory for $14 per unit (invoice total: $21,ee0) to Macy Co. under credit 7 Macy returns 125 units because they did not fit the customen's needs (invoice amount: $1,750). A1lied restores 8 Macy discovers that 200 units are scuffed but are still of use and, therefore, keeps the units. Allied sends 15 Allied receives payment from lacy for the amount owed on the Hay 5 purchase; payment is net of returns, cash per unit (for a total cost of $20,000) terms 2/1e, n/60. The goods cost Allied $15,0ae. the units, which cost $1,250, to its inventory Macy a credit memorandum for $300 toward the original invoice amount to compensate for the damage. allouances, and any cash discount Exercise 5-5 Recording purchases, purchases returns, and p urchases allowances LO P1 priate journal entries for Macy Co. to record each of the May transactions, Macy is a retailer that uses the gross method and a perpetual inventory system, and purchases these units for resale. ( "No journal entry required" in the first account field.) f no entry is required for a transaction/event, select View transaction list