Prepare general journal entries to record the following perpetual system merchandising transactions of Acme Company.

May 2 Purchased merchandise from Yeti Co. for $9,000 under credit terms of 1/15, n/30, FOB factory.

4 Sold merchandise to Flinstone Co. for $1,200 under credit terms of 2/10, n/60, FOB shipping point. The merchandise had cost $750.

4 Paid $150 for freight charges on the purchase of May 2.

9 Sold merchandise that cost $1,800 for $2,400 cash.

10 Purchased merchandise from Richter Co. for $3,450 under credit terms of 2/15, n/60, FOB destination.

12 Received a $300 credit memorandum acknowledging the return of merchandise purchased on May 10.

14 Received the balance due from Flinstone Co. for the credit sale

dated May 4.

15 Sold for cash a piece of office equipment at its original cost, $500.

17 Paid the balance due to Yeti Co.

18 Purchased $820 of cleaning supplies from A & Z Suppliers;

terms n/1 5.

20 Sold merchandise that cost $1,350 to Caresalot Co. for $1,875 under credit terms of 2/15, n/60, FOB shipping point.

22 Issued a $300 credit memorandum to Caresalot Co. for an allowance on goods sold on May 20.

23 Received a debit memorandum from Caresalot Co. for an error that overstated the total invoice by $75.

25 Paid Richter Co. the balance due.

31 Received the balance due from Caresalot Co. for the credit sale dated

May 20.

31 Sold merchandise that cost $4,800 to Flinstone Co. for $7,500 under credit terms of 2/10, n/60, FOB shipping point.