idk how i am wrong pls explain?

10 DO Assume it is Monday, May the first business day of the month and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the company's accounting work is completed through the end of April, and its Sedgers show Apr 30 balances. During your first month on th job, the company experiences the following transactions and events terms for all its credit sales are 2/10, 1/30 unless stated differently May 1 Issued Check Number 3410 to SSP Management Company in payment of the May rent for $3,730. Charge $2.972 to Rent Expense-selling Space, and charge $758 to Rent Expense-Office Space. Use the lines to record the transaction) Hay? a) Sold merchandise on credit to Hensel Company, Invoice Number 8785, for $6,300 (cost is $4,300) May 26 Issued an allowance orice reduction of $165 to Knox Company for merchandise sold on April 28. The total selling price (gross) was 54,735 May Issued a refund of e2 te Peyton Products for the return of merchandise purchased on orit 29. Colo's accounts payable was reduced by that arount. May Purchased the following on credit from Gear Supply Company merchandise, $37,076; store supplies, 5578 and office coles, sis. Tuvoice dated May 4, terns 1/30 May Received payment fron Knox Company for the balance from the April 28 $4,5501 sale less the May 2 return and the discount. May Issued Check Number 1411 to Peyton Products to pay for the $7,188 of merchandise purchased on April 29 less they return and the $130 discount. May Sala stere supplies (non inventory to the business next door at their cost of 5356 cash. Hints Enter Store Supplies only in the Account Credited column May te Purchased 54,086 of office equipment on credit fron Gear Supply Company, terns n/30 May 11 ) Received payment from Hensel Company for the May 2 ste oss the discount of $126. May 11 (1 Purchased $3,000 of merchandise Tron Garcia, Incorporated, terns 2/10, 1/30. May 1 Rece sob orice reduction from Gear Supply Company for the return of office equinent received on May 10. Colo debited accounts payable by that anunt. May 15 (al issued Check ber 3412, payable to Payroll in payment of sales salaries, $5,340, and office salaries. $9,170 May 15 (1) Cash sales for the first half of the month are 559,260 (cost is $38,240). These cash sales are recorded in the cash receipts journal on May 15. May 15 (c) Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the conth to the general Ledger accounts. May 16 Sold merchandise on credit to Hensel Company, Invoice Number 8786, for $4,010 (cost is $1.918). May 17 Purchased 513,678 of merchandise fron Fink Corporation, teras 2/10, 1/60. May 19 Issued check under 1413 to Garcia, Incorporated, in payment of its May ir purchase less the discount of $106. May 22 merchandise to Lee Services, Thvoice Nunber 8787, for $6,870 (cost is $5,01e), teres 2/10, 1/60. May 23 Issued Check Number 3434 to Fink Corporation in paynent of its May 17 purchase less the discount of $27. May 24 Purchased the following on credit from Gear Supply Company merchandise. 58,168; store supplies, 5658; and office supplies, $320. Terms 1/30. May 25 Purchased 5), 120 of merchandise from Peyton Products, terms 2/10, 1/30. May 26 (5) Issued Check Number 3415 to Perennial Power in payment of the May electric bill. $1,287. May 26 (al Sold merchandise on credit to Crane Corporation, Invoice Number 8788, for $14,238 (cost is $8,270). May 29 The owner of Cola Company, Jenny Cole, used Check Number 3416 to withdraw $7.000 cash from the business for personal use. May 30 (a) Received payment fro Lee Services for the May 22 sale less the discount of $139. May 38 (b) Issued Check Number 3417, payable to Payroll, in payment of sales salaries, 55,340, and office salaries, $3,17e. May 31 (a) Cash sales for the last half of the month are 566,268 (cost is $42,518). These cash sales are recorded in the cash receipts journal on May 31. May 31 (b) Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. Foot and crosstoot the orals the month-end postings. 1 Astume a perpetual inventory system Answer is not complete Complete this question by entering your answers in the tabs below. RIA Reets Heid 10 RIE Enter the transactions in a cash payments yourna. (Enter the transactions in chronological order) CASH PAYMENTS JOURNAL Ch Number Payne Accoont Debited Acto Paysle De Other Accounts Debe 2.972 758 Cash Inventory Credin Credit s 2.9723 758 May 03 3400 Sand P Management Company May 1 Payton products May 15 3412 5.340 2.710 5.340 3.170 Mary 1941 May 233414 May 2015 May 20 3410 lorca, Incorporated Pink Corporation Perennial power Jenny Colo Rent expense - Selling Mac Rent expense Mice space Peyton products Sales les expense Osales ense Garcia Incorporated Pink Corporation expense Cole, Withdrawal Sess experte Office opere OOOOOO May 20 3417 Payroll 1.287 7,000 5.3403 3,7103 $ 30,117 1,287 7,000 5,340 3.170 $ 29.037 May 31 0 5 0 Rec Reg 16 >