Purchased merchandise on account from Black Wholesale Supply for $7,900, terms 1/10, n/30. Sold merchandise on account for $4,300, terms 2/10, n/30. The cost of the merchandise sold was $3,200. Received credit from Black Wholesale Supply for merchandise returned $200. Received collections in full, less discounts, from customers billed on May 2. Paid Black Wholesale Supply in full, less discount. Purchased supplies for cash $900. Purchased merchandise for cash $3,000. Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise on account from Wilhelm Distributors for $2,400, terms 2/10, n/30. Paid freight on May 17 purchase $250. Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100. 25 Purchased merchandise on account from Clasps Inc. for $800, terms 3/10, n/30. Paid Wilhelm Distributors in full, less discount. Made refunds to cash customers for returned merchandise $108. The returned merchandise had cost $98. Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $864. May 1 2 9 10 11 12 15 19 24 27 29 31

May 1 Purchased merchandise on account from Black Wholesale Supply for $7,900, terms 1/10,n/30. 2 Sold merchandise on account for $4,300, terms 2/10,n/30. The cost of the merchandise sold was $3,200. 5 Received credit from Black Wholesale Supply for merchandise returned $200. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Black Wholesale Supply in full, less discount. 11 Purchased supplies for cash $900. 12 Purchased merchandise for cash $3,000. 15 Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise on account from Wilhelm Distributors for $2,400, terms 2/10,n/30, 19 Paid freight on May 17 purchase $250 24. Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100. 25 Purchased merchandise on account from Clasps inc. for $800, terms 3/10,n/30. 27 Paid Wilhelm Distributors in full, less discount. 29. Made refunds to cash customers for returned merchandise $108. The returned merchandise had cost $98. 31 Sold merchandise on account for $1,280, terms N/30. The cost of the merchandise sold was $864. May 1 Purchased merchandise on account from Black Wholesale Supply for $7,900, terms 1/10,n/30. 2 Sold merchandise on account for $4,300, terms 2/10,n/30. The cost of the merchandise sold was $3,200. 5 Received credit from Black Wholesale Supply for merchandise returned $200. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Black Wholesale Supply in full, less discount. 11 Purchased supplies for cash $900. 12 Purchased merchandise for cash $3,000. 15 Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise on account from Wilhelm Distributors for $2,400, terms 2/10,n/30, 19 Paid freight on May 17 purchase $250 24. Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100. 25 Purchased merchandise on account from Clasps inc. for $800, terms 3/10,n/30. 27 Paid Wilhelm Distributors in full, less discount. 29. Made refunds to cash customers for returned merchandise $108. The returned merchandise had cost $98. 31 Sold merchandise on account for $1,280, terms N/30. The cost of the merchandise sold was $864