Journalize the following transaction for Tesco Company during the month of May 2017.

May 1st, Purchased merchandise inventory from Sainsbury Co. list price $62,000, trade discount 15%, FOB shipping point, prepaid fright cost $650 add it to the invoice. Term of credit 1/15, n/45.

May 3rd, Sold merchandise Inventory to ASDA Supermarket list price $85,000 Trade discount 10%, rate of sales tax 5%. FOB shipping point, Paid fright cost $200. Cost of merchandise sold $45,000. Term of credit 2/10, n/30.

May 5th, ASDA Supermarket return part of merchandise purchased on 3rd of May list price $15,000 trade discount 10%.

May 6th, Sold merchandise inventory to Morrison Ltd list price $42,000. FOB destination, term of credit 1/10, n/30, Cost of goods sold $30,000. Rate of sale tax 10%.

May 7th, We return part of the goods purchased on May 1st to Sainsbury Co. list price $6000, trade discount 15%

May 9th, Received full Payment from ASDA Supermarket for sale made on May 3rd.

May 11th, Made full payment to Sainsbury Co. for purchased made on May 1st.