lent CALCHATOR HENTE Problem 5-02A - (Video) Cullumber Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May the ledger of Culturber showed Cash of $4,500 and Owner's Capital of $4,500 May 1 Purchased merchandise on count from Braun's Wholesale Supply $4,000, terms 2/10, 1/30 2 Sold medando on account $2,300, terms 1/10, 1/30. The cost of the merchandise cold was $1,600 5 Seceived credit from Brown's Wholesale Supply for merchandise returned $400. Received collections in full, les dents from customers billed on sales of $2,100 on May 2 10 Padrun's Wholesale Supply in full, les discount 11 Purchased supplies for cash $100 12 Purchased merchandise for Cash $1,400 15 Received refund for poor quality merchandise from supplier on cash purchase $200 17 Parded merchandise from Valley Debtors 51,300, FOB shipping pon terms 2/10, 1/30 19 Part on May 17 purchase 5150 24 Sold merchandise for cash $3,100. The merchandise sold had a cost of $2,200. 25 Purchased merchandise on account from my, Inc. $550, on destination, terms 2/10,30 27 Paid Valley Disnutos in full less discount 29 Mode refunds to cash customers for defective merchandise 560. The retumed merchandise had a fair value of $20. 31 Sold merchandise on account $1,000, terms. The cost of the merchandise sold as $500 Clumber Hardware's chart of accounts indudes the following: No. 101 Cash, No. 112 Accounts Recewable, No 120 inventory, No 126 Supplies, No. 201 Accounts Payable, No. 301 Owner's Capital No. 401 Sales Reven, No. 412 Sales Returns and Allowanc, No. 414 Sales Discounts, and No. 505 Cost of Goodi sold Journeue the transactions in perpetual inventory system (Credit account titles are automatically rented when anmount is entered it may Recordwalente