Please answer problem B

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Cullumber Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledger of Cullumber showed Cash of $4,500 and Owner's Capital of $4,500. May 1 Purchased merchandise on account from Braun's Wholesale Supply for $4,000, terms 2/10, n/30. 2 Sold merchandise on account $2,300, terms 1/10,n/30. The cost of the merchandise sold was $1,600. 5 Received credit from Braun's Wholesale Supply for merchandise returned $400. 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 $300. 12 Purchased merchandise for cash $1,400. 15 Received $200 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise on account from Valley Distributors for $1,300, terms 2/10,n/30,FOB shipping point. 19 Paid freight on May 17 purchase $150. 24 Sold merchandise for cash $3,100. The merchandise sold had a cost of $2,200. 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 $20. 31 Sold merchandise on account for $1,000 terms n/30. The cost of the merchandise sold was $500. Cullumber Hardware's chart of accounts includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 126 Supplies, No. 201 Accounts Payable, No. 301 Owner's Capital, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, and No. 505 Cost of Goods Sold. (a) Journalize the transactions using a perpetual imventory system. (List all debit entries before credit entries. Credit account titles are Journalize the transactions using a perpetual imventory system. (List all debit entries before credit entries. Credit account tities are automatically indented when amount is entered, Do not indent manuall. Record journal entries in the order presented in the probiem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) entry is required, seiect "No Entry" for the account tites and enter O for the amounts.) Credit