Sandhill Hardware Store completed the following merchandising transactions in the month of May. DateAccount Titles and ExplanationDebitCreditQuestion $1$ of $2$

$-/12\mathrm{.}11$

$29$ Made refunds to cash customers for returned merchandise $$118.$ The returned merchandise had cost $$98.$

$31$ Sold merchandise on account for $$1,280,$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $$794.$

Journalize the transactions using a perpetual inventory system. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.$)$

Date Account Titles and Explanation

Debit

Credit

Supplies

Cash

$($To record credit sale$)$