Pinancial Accounting, 8e Gradebook ORION Downloadable eTextbook INANCIAL ACCOUNTING (AC nt MESSAGE MY INSTRUCTOR Problem 5-1A (Part Level Submission) FULL SCRSEN Winters Hardware Store completed the following merchandising transactions in the month of May. At the begining of May, Winters ledger showed Cashf $11,200 and Common Stock of $11,200. May 1 Purchased merchandise on account from Black Wholesale Supply for $7,950, terms 1/10, n/3O 2 Sold merchandise on account for $4,500, terms 2/10, nv/30. The cost of the merchandise sold was $3,375 5 Received credit from Black Wholesale Supply for merchandise returned $450 9 Received collections in fulM, less discounts, from customers billed on May 2 10 Paid Black Wholesale Supply in full, less discount. 11 Purchased supplies for cash $1,260. 12 Purchased merchandise for cash $4,340 15 Received $322 refund for return of poor-quality merchandise from supplier on cash purchase 17 Purchased merchandise from Wilhelm Distributors for $4,000, terms 2/10,/30 19 Paid freight on May 17 purchase $350 24 Sold merchandise for cash $7,700. The cost of the merchandise sold was $5,740. 25 Purchased merchandise from Clasps Inc. for $1,120, terms 3/10, n/30. 27 Paid Wihelm Distributors in full, less discount had cost $300 for returned merchandise $1.35. The neturned merchandie si Made refunds to cash customers Sold merchandise on account for $1 cost of the merchandise sold was $1,62 29 ,792, terms n/30. The 31 (a) Your answer is correct. MacBook Pro 6 2