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Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances. (Post entries in the order of foumal entries posted
Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances. (Post entries in the order of foumal entries posted in part (a). Round answers to 0 decimal ploces, es 5,275 .) eTextbook and Media List of Accounts Supplies Accounts Payable Sunland Hardware Store completed the following merchandising transactions in the month of May. At the bekinning of May, Sunlands" ledper showed Cash of $8,900 and Common Stock of $8,900. May 1 Purchased merchandise on account from Black Wholesale Supply for $8,900, terms 1/10,n/30. 2 Sold merchandise on account for $5,300, terms 2/10,n/30. The cost of the merchandise sold wis $4,200. 5 Recelved credit from Black Wholesale Supply for merchandise retumed $200. 9 Received collections in fult, less discounts, from customers billed on May 2 10 Paid Black Wholesale Supely in fult, less discount. 11 Purchised supplies for cash $900. 12 Purchased merchandive for cash $3,900. 15 Received $230 refund for return of poor-qualify merchandise from supplier on cash purchase. 17 Purchased merchandise froen Wilhelm Distributors for $3,300, terms 2/10,n/30 19 Paid freight on May 17 purchase $250. 24 Sold merchandise for cash $5,500. The cost of the inerchandise sold was $4,100. 25 Purchased merchandis from Clasps inc, for $800, terms 3/10,N/30. 27 Paid Wilheim Distributors in full, less discount. 29 Maderefunds to cash customers for returned merchandise $106 : The returned metchandise had cost $94. 31 Sold enerchandise on account for $1,280, terms N/30. The cost of the merchandise sold was $838
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