Pharoahs Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May Pharoahs' ledger showed Cash of $$8,700$ and Common Stock of $$8,700.$

May $1$ Purchased merchandise on account from Black Wholesale Supply for $$8,700,$ terms $\frac{1}{10},\frac{n}{30}.$

$2$ Sold merchandise on account for $$5,100,$ terms $\frac{2}{10},\frac{n}{30}.$ The cost of the merchandise sold was $$4,000.$

$5$ Received credit from Black Wholesale Supply for merchandise returned $$200.$

$9$ Received collections in full, less discounts, from customers billed on May $2.$

$10$ Paid Black Wholesale Supply in full, less discount

$11$ Purchased supplies for cash $$900.$

$12$ Purchased merchandise for cash $$3,700.$

$15$ Received $$230$ refund for return of poor$-$quality merchandise from supplier on cash purchase.

$17$ Purchased merchandise on account from Wilhelm Distributors for $$3,100,$ terms $\frac{2}{10},\frac{n}{30}.$

$19$ Paid freight on May $17$ purchase $$250.$

$24$ Sold merchandise for cash $$5,500.$ The cost of the merchandise sold was $$4,100.$

$25$ Purchased merchandise on account from Clasps Inc for $$800,$ terms $\frac{3}{10},\frac{n}{30}$

$27$ Paid Wilhelm Distributors in full, less discount

$2$s Made refunds to cash customers for returned merchandise $$108.$ The returned merchandise had cost $$122.$

$31$ Sold merchandise on account for $$1,280,$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $$797.$

$($a$)$

Journalize the transactions using a perpetual inventory system. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. List all debit entries before credit enitries,

Date

Account Titles and Explanation

Debit

Credit