Oriole Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledger of Oriole showed Cash of $5,000 and Owner's Capital of $5,000. May 1 2 5 9 10 11 12 15 17 19 24 25 27 29 31 Purchased merchandise on account from Braun's Wholesale Supply for $4,300, terms 2/10, n/30. Sold merchandise on account $2,300, terms 1/10, n/30. The cost of the merchandise sold was $1,200. Received credit from Braun's Wholesale Supply for merchandise returned $250. Received collections in full, less discounts, from customers billed on May 2. Paid Braun's Wholesale Supply in full, less discount. Purchased supplies for cash $350. Purchased merchandise for cash $1,500. Received $150 refund for return of poor-quality merchandise from supplier on cash purchase. Purchased merchandise on account from Valley Distributors for $1,400, terms 2/10, n/30,FOB shipping point. Paid freight on May 17 purchase $110. Sold merchandise for cash $3,400. The merchandise sold had a cost of $1,900. Purchased merchandise on account from Lumley, Inc. for $550, terms 2/10, n/30. Paid Valley Distributors in full, less discount. Made refunds to cash customers for returned merchandise $80. The returned merchandisecost $40. Sold merchandise on account for $1,000 terms n/30. The cost of the merchandise sold was $600.

Oriole Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledg of Oriole showed Cash of $5,000 and Owner's Capital of $5,000. May 1 Purchased merchandise on account from Braun's Wholesale Supply for $4,300, terms 2/10,n/30. 2 Sold merchandise on account $2,300, terms 1/10,n/30. The cost of the merchandise sold was $1,200. 5 Received credit from Braun's Wholesale Supply for merchandise returned $250. 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 $350. 12 Purchased merchandise for cash $1,500 15 Received $150 refund for return of poor-quality merchandise from supplier on cash purchase. 17. Purchased merchandise on account from Valley Distributors for $1,400, terms 2/10,n/30.FOB shipping point. 19 Paid freight on May 17 purchase $110. 24 Sold merchandise for cash $3,400. The merchandise sold had a cost of $1,900. 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 $40. 31 Sold merchandise on account for $1,000 terms n/30. The cost of the merchandise sold was $600. Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold)