Problem SA-10A &- Flint Hardware Store completed the following merchandising transactions in the month of May. At the be g of the edger Flint showed Cash of $4.500 and Owner's Capital of $4,500 May 1 Purchased merchandise on account from Gray's Wholesale Supply $3.500, terms 2/10, 30 2 Sold merchandise on account $2.600, terms 1/10, 130. The cost of the merchandise sold was $1.500 Received credit from Grey's Wholesale Supply for merchandise returned $300 9 Received collections in les discounts, from customers billed on les of $2.500 on May 2 10 Paid Gray's Wholesale Supply in fulles discount 11 Purchased supplies for cash $300 12 Purchased merchandise for cash $1,300. 15 Received refund for poor quality merchandise from supplier on cash purchase $180 17 Purchased merchandise from Amland Distributors $1,100, FOB shipping point tems 2/10, 1/30 19 Paid freight on May 17 purchase $110. 24 Sold merchandise for cash $3,600. The merchandise sold had a cost of $1,900 25 Purchased merchandise from Horvath, Inc. 5670, FOB destination, terms 2/10, 1/30 27 Paid Amland Distributors in full, les discount 29 Made refunds to cash customers for defective merchandise $50. The remed merchandise had a value of 530 31 Seid merchandise on account $1.000 terms 30. The cost of the merchandse sold was $450 e Flint Hardware's chart of accounts includes the following: No. 101 Cash, No. 112 Account Receiv Supplies, No. 201 Accounts Payable, No. 301 Owner's Capital, No. 401 Sales Raven 412 Ses 414 Sales Discounts and NOSOS Cost of Goods Sold 125 120 and w s e Journalize the transactions using a perpetual inventory system (Credit accounties are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account s and enter for the amounts.) 255 PM