Sandhill Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Sandhills' ledger showed Cash of $9,100 and Common Stock of $9,100. May 1 2 5 9 10 11 12 15 Purchased merchandise on account from Black Wholesale Supply for $9,100, terms 1/10, n/30. Sold merchandise on account for $5,500, terms 2/10, n/30. The cost of the merchandise sold was $4,400. Received credit from Black Wholesale Supply for merchandise returned $200. Received collections in full, less discounts, from customers billed on May 2. Paid Black Wholesale Supply in full, less discount. Purchased supplies for cash $900. Purchased merchandise for cash $4,100. Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. Purchased merchandise from Wilhelm Distributors for $3,500, terms 2/10, n/30. Paid freight on May 17 purchase $250. Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100. Purchased merchandise from Clasps Inc. for $800, terms 3/10, n/30. Paid Wilhelm Distributors in full, less discount. Made refunds to cash customers for returned merchandise $118. The returned merchandise had cost $98. Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $794. 17 19 24 25 27 29 31 Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances. (Post entries in the order of journal entries posted in part (a). Round answers to 0 decimal places, e.g. 5,275.) Cash 5/1 Bal. 9100 5/10 > Sales Returns and Allowances Sales Discounts