May 1 Purchased merchandise on account from Braun's Wholesale Supply for $4,000, terms 2/10, n/30. 2 Sold merchandise on account $2,300, terms 1/10, n/30. The cost of the merchandise sold was $1,600. 5 Received credit from Braun's Wholesale Supply for merchandise returned $400. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Braun's Wholesale Supply in full, less discount. 11 Purchased supplies for cash $300. 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 on account from Valley Distributors for $1,300, terms 2/10, n/30, FOB shipping point. 19 2 2 2 2 2 Paid freight on May 17 purchase $150. 24 Sold merchandise for cash $3,100. The merchandise sold had a cost of $2,200. 25 Purchased merchandise on account from Lumley, Inc. for $550, terms 2/10, n/30. 27 Paid Valley Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $80. The returned merchandisecost $20. 31 Sold merchandise on account for $1,000 terms n/30. The cost of the merchandise sold was $500.