Question 1 of 1 suppont Cullumber Hardware's chart of accounts includes the following, No. 101 Cash, No. 112 Accounts Receivable, No. 120 inwentory, No 126 Supplies, No. 201 Accounts Payable, No. 301 Owner's Capital, No, 401 Sales Rcvenwe, No. 412 Sales Returns and Allowances. No 414 Siles Discounts, and tho sos Cost of Coods Sold entry is roquired, select "Wo Entry" For the dccount tites and enter ofor the amounts) question 1 of 1 Cultumber Harcware Store completed the following merchandising transactions in the month of May. At the beglnning of May, the ledger of Cullumber showed Cash of $5,000 and Owner's Capital of $5,000. May 1 Purchased merchandtse on account from Braun's Wholesale 5 upply for $4,000, terms 2/10,n/30. 2 Sold merchandise on account $1,900, terms 1/10,n/30. The cost of the merchandise sold was $1,000. 5 Received credit from Braun's Whalesale Supply for merchandise returned $200. - Received collections in full, lesw discounts, from customers billed on May 2. 10 Paid graun's Wholesale Supply in fult, less discount. 11 Purchased supplies for cash $400. 12 Purchsed merchandise for cash $1.200. 15. Recelved $200 refund for return of poor-quality merchandise from supplier on cash purchase. 17. Purchned merchandise on account from Valley Distributors for $1,100, terms 2/10,/30,F OB shipping point. 19 Paidfreight on May 17 purchase $110. 24 Sold merchandise for cash $3,300. The merchandise sold had a cost of $1,900. 25 Purchased merchandise on account from Lumiey, inc for $650, terms 2/10,n/30. 27 Paid Vallev Distributors in fult, less discount: 29. Made refunds to conh customers for returned merchandise $80. The returned merchandisecost $20. Chapter 5 Question 1 of 1 /100 (To recond merchandse retumed) (To resord cost of merchandive returned) (Fo record credit sale) (To record cost of merthondise sola) eTextbook anid Medis Assistance Used Ditroficcouns (To record cash sale), (To recoed cost of merchandise sold) (Fo moond merchundse titurned) suppon