Journalize the transaction using perpetual inventory system.

Sandhitt Hardware Store completed the following merchandising transactions in the monthof May. At the beginning of May, the lec of Sandhili showed Cash of $5,000 and Owner's Capital of $5,000 May 1 Purchased merchandise en account from Braun's Wholesale Supply for $4,100, terms 2/10,n/30. 2 Sold merchandise on account $1,900, terms 1/10,n/30. The cost of the merchandise sold was $1.000. 5 Received credit from Brauns Wholessle Supply for merchandise returned $300 9 Received collections in full, less discounts, from customers billed on May 2 10 Paid Brauns Wholesale Supply in full, less discount. 11 Purchased supplies for cash $350. 12 Purchased merchandise for cash $1.400 15. Received $200 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise op account from Valley Distributors for $1,300, terms 2/10,n/30, FOB shippine point. 19 Paid freight on May 17 purchase $200 24 Sold merchandise for cash $3,100. The merchandise sold had a cost of $2,300. 25 Purchased merchandese on account from Lumley, inc for $600 terms 2/10,n/30. 27 Paid Valiey Distributors in full, less discount: 29 Made refunds to cash customers for returned merchandise $70. The returned mercharidisecost $20. 31 Sold merchandise on account for $1,000 terms n/30. The cost of the merchandise sold was $600. Sandhill Hardware s chart of accounts includes the followire: No. 101 Cash, No. 112 Accounts Receivable, No, 120 loventory, No. 126 Sipplies, No. 201 Accounts Payable, No. 301 Owher's Capital, No. 401 Sales Revenue, No. 412 Sales Returns and Alowances, Na. 414 Siles Discounts, and Na. 505 Cost of Goods Sold. (a) Lournulize the trantactions using a perpetual inventory sntem (List all debit entries tefore credit entries. Credit occount bitles are aufornotlcally indented wher amount is entered. Do not indent manually. Record journal entries in the order presented in the problens if no mity is required, select "No Entry' for the occount titles and enter Ofor the amounts