Prepare journal entries for May 2014 to record the following transactions for Southgate Inc. Assume a perpetual inventory system. Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions. Dates must be entered in the format dd/mmm (ie. 15/Jan).

May 1: Southgate Inc.'s merchandise was sold to Segura Corporation for $5,800 under credit terms of 2/15, n/30, FOB shipping point. The cost of the merchandise was $4,640.

May 9: Southgate Inc. sold merchandise that cost $6,400 to X-cell Inc. for $8,000 under credit terms of n/60, FOB shipping point.

May 12: X-cell Inc. requested a price reduction on the May 9 sale because the merchandise did not meet specifications. Sent X-cell Inc. a credit memorandum for $2,900 to resolve the issue.

May 19: Received the balance due from Segura Corporation for the sale dated May 1.

May 20: Received X-cell Inc.'s payment of the amount due from the May 9 sale.

May 29: Southgate Inc. sold merchandise to Global Filter Corp. that cost $8,640 for $9,600 cash.