Sandhill Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Sandhil ledger showed Cash of $7,900 and Common Stock of $7,900. 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 Recelved 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 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 from Clasps inc, for $800, terms 3/10,n/30 27 Pald 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 en accowint for $1,280, terms n/30. The cost of the merchandise sold was $964. Journalize the transactions using a perpetual inventory system. (H no entry is required, select No Entry" for the occount tites and enter 0 for the amounts. Credit occount tilles ane automatically indented when amount is entered. Do not indent manuoly. Reoord joumal entries in the order presented in the problemi (To record sales) (To record cost of merchandise sold) (To record payment for returned merchandise) (To record cost of goods returned) (To record credit sitie)