please complete all 7 sections of this question please.

Use the following information for the Exercises below. [The following information applies to the questions displayed below] Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Allied (sellen) products. May 3 Allied made its first and only purchase of inventory for the period on May 3 for 1 , 6e0 units at a price of $11 cash per unit (for a total cost of $11,00e ). May 5 Allied sold 500 of the units in inventory for $15 per unit (invoice total: $7,5ee ) to Macy Company under credit terms 2/10,n/60. The goods cost Allied $5,500. May 7 Macy returns 50 units because they did not fit the customer's needs (invoice amount: $750 ). Allied restores the units, which cost $550, to its inventory. May 8 Macy discovers that 50 units are scuffed but are still of use and, therefore, keeps the units. Allied gives a price reduction (allowance) and credits Macy's accounts receivable for $350 to compensate for the damage. May 15 Allied recelves payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Allied made its first and only purchase of inventory for the period on May 3 for 1,000 units at a price of $11 cash per unit (for a total cost of $11,000 ). Note: Enter debits before credits. Allied sold 500 of the units in inventory for $15 per unit (invoice total: $7,500 ) to Macy Company under credit terms 2/10,n/60. Note: Enter debits before credits. ivute: cruter qeors Derore creaits. Macy returns 50 units because they did not fit the customer's needs (invoice amount: \$750). Note: Enter debits before credits. Allied restores the units, which cost $550, to its inventory. Note: Enter debits before credits. Macy discovers that 50 units are scuffed but are still of use and, therefore, keeps the units. Allied gives a price reduction (allowance) and credits Macy's accounts receivable for $350 to compensate for the damage. Note: Enter debits before credits. Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Note: Enter debits before credits