QS $5-6$ Merchandise purchase transactions$-$perpetual LO$3$

Journalize each of the following transactions assuming a perpetual inventory system.

May $1$ Purchased $$1,200$ of merchandise inventory; terms $\frac{1}{10},\frac{n}{30}.$

$14$ Paid for the May $1$ purchase.

$15$ Purchased $$3,000$ of merchandise inventory; terms $\frac{2}{15},\frac{n}{30}.$

$30$ Paid for the May $15$ purchase, less the applicable discount.