Marigold Hardware Store Inc. completed the following merchandising transactions in the month of May 2025. At the beginning of May, Marigold's ledger showed Cash of $8,200 and Common Shares of $8,200.

May	1		Purchased merchandise on account from Hilton Wholesale Supply for $8,200, terms 2/10, n/30.
	2		Sold merchandise on account for $4,400, terms n/30. The cost of the merchandise sold was $3,500.
	5		Received credit from Hilton Wholesale Supply for merchandise returned $250.
	9		Received collections in full from customers billed on May 2.
	10		Paid Hilton Wholesale Supply in full, less discount.
	11		Purchased supplies for cash $880.
	12		Purchased merchandise for cash $2,650.
	15		Received $290 refund for return of poor-quality merchandise from supplier on cash purchase.
	17		Purchased merchandise from Northern Distributors for $2,450, terms 2/10, n/30.
	19		Paid freight on May 17 purchase $290.
	24		Sold merchandise for cash $5,200. The cost of the merchandise sold was $4,100.
	25		Purchased merchandise from Toolware Inc. for $780, terms 3/10, n/30.
	27		Paid Northern Distributors in full, less discount.
	29		Made refunds to cash customers for returned merchandise $118. The returned merchandise was returned to inventory and had cost $90.
	31		Sold merchandise on account for $1,200, terms n/30. The cost of the merchandise sold was $900.

Marigold Hardware uses a perpetual inventory system and expects a return rate of 3% on all sales. Please explain what I did wrong in the image below.

Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round your answers to O decimal places, eg 5,275. Record journal entries in the order presented in the problem. List owl debit entries before credit entries. Account Titles and Explanation Debit Credit niventory 8200 Accounts Fayable 8200 7 Accounts Receivable 4400 Sales 4400 [To record sale of merchandise on account) Cost of Goods Sold 3500 Inventory (To record cost of goods sold) Accounts Payable Inventory Cash Accounts Receivable Accounts Payable Cash 7791 Inventory 159 Supplies Cash nventory Cash Cash nventory Inventory 2450 Accounts Payable 2450 Inventory Cash 7 Cash Sales 5200 [To record sale of merchandise) Cost of Goods Sold 4100 Inventory 4100 To record cost of goods sold) Inventory Accounts Payable Accounts Payable Cash Inventory Sales Returns and Allowances Cash 118 [To record sales returns) niventory Cost of Goods Sold (To record cost of Inventory returned) Accounts Receivable Sales 1200 [To record sale of merchandise) Cost of Goods Sold Inventory