Mead Company uses a perpetual inventory system and engaged in the following transactions during the month of May. Record the preceding transactions in a general journal.

May 1 Made cash sales of $6,300; the cost of inventory was $3,700,

May 5 Purchased $2,000 of inventory on credit

May 9 Made credit sales of $3,300; the cost of the inventory sold was $1,900

May 13 Paid sales salaries of 900 and office salaries of $600

May 14 Paid for the May purchases

Amway 18 Purchased sales equipment costing $8,000; made a down payment of $2,000 and agreed to pay the balance in 60 days

May 21 purchased $600 of inventory for cash

May 27 Sold land that had originally cost $1,900 for $2,600