Kimmel, Accounting, 6e Problem 5-1A Nii, inrs lirisar.. store rompleted he iollo ing menthanting ra sations in the month of Mr. R the beginning of Mr. wi ters'ledger sho ed cah of $11,200 rd n May 1 Purchased merchandise on account from Black Wholesale Supply for $7,550, terms 1/10, n/30 on k of 111 200 2 Sold merchandise on account for $4,400, terms 2/10, n/30. The cost of the merchandise sold was s3,300. 5 Received credit from Black Wholesale Supply for merchandise returned $550. 9 Received collections in full, less discounts, from customers billed on May 2 10 Paid Black Wholesale Supply in full, less discount 11 Purchased supplies for cash $1,260, $4,340. 15 Received $322 refund for return of 17 Purchased merchandise from Wilhelm Distributors for $2,800, terms 2/10, n/3o 19 Paid freight on May 17 purchase $350 24 Sold merchandise for cash $7,700. The cost of the merchandise sold was $5,740 merchandise from supplier on cash purchase. from Clasps Inc. for $1,120, terms 3/10, n/30. 29 Made refunds to eash customers for returned merchandise $150. The returned merchandise had cost $9 31 Sold merchandise on account for $1,792, terms n/30. The cost of the merchandise sold was $1.162 svstem. (t no entry is required, select "No Entry" for the account titles and enter O for the / entries in the order presented in the probiem) when amount is entered. Do not Debit Credit Date Account Titles and Explanation 5a0sosAl Rights Reserved. A Division of a DELL