Johns Specialty Store uses a periodic inventory system. The following are some inventory transactions for the month of May 2018: John's purchased merchandise on account for $5,100. Freight charges of $350 were paid in cash. Johns returned some of the merchandise purchased in (1). The cost of the merchandise was $650 and Johns account was credited by the supplier. Merchandise costing $2,850 was sold for $5,300 in cash. Required: Prepare the necessary journal entries to record these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the merchandise purchased on account for $5,100.

2.Record the payment of freight charges for $350.

3. Record the return of merchandise costing $650.

4. Record the sale of merchandise for $5,300 in cash.

5. Record the cost of goods sold for $2,850.