Required information The following information aplies to the questions displayed below Allied Merchandise was organized on May 1 Macy Co is a major bastomer buyer of Med seller products Attestand fry for the period for 3,000 its stufe Ad 1.0the wintry for 14 pesnitvice.) to racy Conde credit ter 1/10 The 55, 15 is the site the cost $1.o, tots Hey there were and therefore, the Allie are credits trecute compete for the 1 dies for the theme part of Use the above womains are each transaction by acting tech on the income statement-specifically identify the accounts and amounts inding for eachtraction como May Mays FO Inc. May Increase May Meno May 15 Ano D Required information The following information applies to the questions displayed below! Allied Merchandisers was organized on May 1 Macy Co. is a major customer buyers of Allied seier) products Allied de its first and only purchase of entry for the period for 3,000 wita ate of 116 cash per it (for a total cont of $30,000) el 3,5th intre 15 per endt tveku total $21,600) to my co wider credit terms 2/10, 1. The cout Alle 55.000 7 Hacy at 150 it because they do not fit the customers met 37,100) Alieder the units which cost 5500, to its entry Maciscovers that 150 with are stuff but are still of us and therefore, we then. Alles arice reaction called credits Macy's accounts receivable for 5900 to compensate for the 13 1 recent from Macy for the weather parchase it is set of naturm land any cash Use the above informations, analyze each transaction by indicating its effects on the income statement-spectically identity the accounts and amounts including or foreach transaction May Her Mart Income Statements Mays create Inc Amount Am Sus Saw News Cost of goods Gross profit Required information The following information aplies to the questions displayed below Allied Merchandise was organized on May 1 Macy Co is a major bastomer buyer of Med seller products Attestand fry for the period for 3,000 its stufe Ad 1.0the wintry for 14 pesnitvice.) to racy Conde credit ter 1/10 The 55, 15 is the site the cost $1.o, tots Hey there were and therefore, the Allie are credits trecute compete for the 1 dies for the theme part of Use the above womains are each transaction by acting tech on the income statement-specifically identify the accounts and amounts inding for eachtraction como May Mays FO Inc. May Increase May Meno May 15 Ano D Required information The following information applies to the questions displayed below! Allied Merchandisers was organized on May 1 Macy Co. is a major customer buyers of Allied seier) products Allied de its first and only purchase of entry for the period for 3,000 wita ate of 116 cash per it (for a total cont of $30,000) el 3,5th intre 15 per endt tveku total $21,600) to my co wider credit terms 2/10, 1. The cout Alle 55.000 7 Hacy at 150 it because they do not fit the customers met 37,100) Alieder the units which cost 5500, to its entry Maciscovers that 150 with are stuff but are still of us and therefore, we then. Alles arice reaction called credits Macy's accounts receivable for 5900 to compensate for the 13 1 recent from Macy for the weather parchase it is set of naturm land any cash Use the above informations, analyze each transaction by indicating its effects on the income statement-spectically identity the accounts and amounts including or foreach transaction May Her Mart Income Statements Mays create Inc Amount Am Sus Saw News Cost of goods Gross profit