Problem 5-02A - (Part Level Submission) (Video) Tamarisk, Inc. completed the following merchandising transactions in the month of May. At the beginning of May, the lediger of Tamaris showed Cash of $4,500 and Common Stock of $4,500 May 1 Purchased merchandise on account from Gray's Wholesale Supply $3,900, terms 2/10, 1/30 2 Sold merchandise on account $1.00, terms 1/10, 130. The cost of the merchandise sold was $1,300. 5 Received cred from Gray's Wholesale Supply for merchandise returned $250. 9 Received collections in full, less discounts, from customers billed on sales of $1,800 on May 2. 10 Paid Gray's Wholesale Supply in full less discount 11 Purchased sules for cash $300 12 Purchased merchandise for cash $1,400. 15 Received refund for poor quality merchandise from supplier on cash purchase $200 17 Purchased merchandise from Amand Distributors $1,300,FOB shipping point terms 2/10, 1/30 19 Paid freight on May 17 purchase $170. 24 Sold merchandise for cash $2,800. The merchandise sold had a cost of $2,100. 25 Purchased merchandise on account from Horvath, Inc. $600, FOB destination, terms 2/10, 130, 27 Paid Amand Distributors in fulles discount 29 Made refunds to cash customers for defective merchandise $70. The returned merchandise had a fair value of $20. 31 Sold merchandise on account $1,000, terms 130. The cost of the merchandise sold was $600, Tamarisk, Inc's chart of account includes the following: No. 101 C , No 112 Accounts Receivable No. 120 tvertory, No. 126 Supplies No. 201 Accounts Payable, No311 Common Stock, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, and No SOS Cost of Goods Sold Journalize the transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. De not indent manually. If no entry is required, select "No Entry for the account titles and ent e r the amount Record journal entrin the order presented in the problem.) Date Account Tities and (to record credit sale (To record of the WGyurul unui CALCULATOR (To record cash sale) (To record cost of merchandise sold) (To record merchandise returned) (To record cost of merchandise returned) (To record credit sale) (To record cost of merchandise sold)