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Required Information The following information applies to the question displayed below! Alied Merchandisers was organized on May 1 Macy Co. is a mejor customer (buyer of Allinder products May Allied wede its first and my purchase of inventory for the period on wy for 1,400 eacher it (for a total cost $70,000) Allind sold 1,00 of the in Inventory for $14 per un volce tutal: 534,00) Mary Co. werd terms 2/10, Thodet Allind 10,000 7 Hacy returns 100 units because they did not fit the customer's mode (vom 1.). Alle restores theits, which cont 13.00, to its inventory Mary discovers that 100 units are suffed but rest of therefore, the units. A les price reduction allowance) and credits Macy'e ses revelle for sta ceste for the map 15 Allied receives payment from Mary for the mounted on the My purchase is within the di period) Prepare journal entries to record the following transactions for Alied annuming it uses o perpetual inventory system. View transaction lit Journal entry worksheet