Instructions Mead Company uses a perpetual inventory system and engaged in the following transactions during the month of May: Date May 1 Transaction Made cash sales of $6,000; the cost of the inventory was $3,800. 5 Purchased $2,500 of inventory on credit. 9 Made credit sales of $4,000; the cost of the inventory sold was $1,900. 13 Paid sales salaries of $1,200 and office salaries of $400. 14 Paid for the May 5 purchases. 18 Purchased sales equipment costing $8,900; made a down payment of $1,400 and agreed to pay the balance in 60 days. 21 Purchased $900 of inventory for cash. 27 Sold land that had originally cost $1,900 for $2,900. Required: Record the preceding transactions in a general journal.