Required information The following information applies to the questions displayed below) Wed Merchanioner was omanized on May Maty company is a major customer nye of color Hayalled sale in and only purchase of Inventory for the period of 1 for 2,000 prix of 18 Casher wit (for a total cost of 116,000). Hay Alle soli 1,000 of the unit to Inventory for 117 per unit (luvoite total $17,000) to Hacy Company wider credit turns 3/10, W/60. The good cost Alle 18.00 Hay? Maty returns 100 because they did the customer's (invoice $1,700) Alle restores the units, which cout 100, to twentory hy ocy discovers that 100 units are coffed but are 11 of use and therefore, weaps the unit, Allada le reduction (allence) and credit Hy's receivable for 100 tot for the dar May 15 Alte receives ayant from Mary for the word on the purchase of returns, allowances, and any oth discount. epare journal entries to record the following transactions for Allied assumingit esa perpetual inventory wstem and the gross method View Iransaction in Journal entry worksheet 2 Allied inade its first and only purchase of inventory for the period on May 1 for 2,000 units at a price of si cash per unit (for a total cost of $10,000) it interes before cris