P6-3B. Kylle Henderson owns Henderson's Home Improvement Shop in London. (In your working papers, balances as of May 1 are provided for the accounts receivable and general ledger accounts.) The following transactions occurred in May: 2021 May 1 Kylie Henderson invested an additional $12,000 in the home improvement store. 4 Sold $900 worth of merchandise on account to B. Dale, sales invoice No. 160, terms 1/10, n/30. Cost of inventory was $675. 4 Sold $500 worth of merchandise on account to Ron Lester, sales invoice No. 161, terms 1/10, n/30. Cost of inventory was $375. Sold $200 worth of merchandise on account to Jim Zon, sales invoice No. 162, terms 1/10, n/30. Cost of inventory was $150. Received cash from B. Dale in payment of May 4 transaction, sales invoice No. 160, less discount. 8 11 21 22 22 25 25 29 Sold $3,000 worth of merchandise on account to Pam Pry, sales invoice No. 163, terms 1/10, n/30). Cost of inventory was $2,250. Received cash payment from Ron Lester in payment of May 4 transaction, sales invoice No. 161. Collected cash sales, $3,000. Cost of inventory was $2,250. Issued credit memorandum No. 31 to Pam Pry for $2,000 worth of merchandise returned from May 21 sales on account. Cost of inventory was $1,500. Collected cash sales, $7,000, Cost of inventory was $5,250. Received cash from Pam Pry in payment of May 21 sales invoice No. 163. (Don't forget about the credit memo and discount.) 28 Sold home improvement rack equipment for $300 cash. (Beware) Sold merchandise, priced at $4,000, on account to Ron Lester, sales invoice No. 164, terms 1/10, n/30, Cost of inventory is $3,000, Issued credit memorandum No. 32 to Ron Lester for $700 worth of defects from May 29 transaction, sales invoice No. 164. The merchandise was not returned to inventory 31