Sarasota Hardware Store Inc. completed the following merchandising transactions in the month of May 2022. At the beginning of May, Sarasotas ledger showed Cash of $7,700 and Common Shares of $7,700.

May 1		Purchased merchandise on account from Hilton Wholesale Supply for $7,700, terms 2/10, n/30.
2		Sold merchandise on account for $4,500, terms n/30. The cost of the merchandise sold was $3,490.
5		Received credit from Hilton Wholesale Supply for merchandise returned $200.
9		Received collections in full from customers billed on May 2.
10		Paid Hilton Wholesale Supply in full, less discount.
11		Purchased supplies for cash $990.
12		Purchased merchandise for cash $2,910.
15		Received $230 refund for return of poor-quality merchandise from supplier on cash purchase.
17		Purchased merchandise from Northern Distributors for $2,600, terms 2/10, n/30.
19		Paid freight on May 17 purchase $230.
24		Sold merchandise for cash $5,400. The cost of the merchandise sold was $4,370.
25		Purchased merchandise from Toolware Inc. for $850, terms 3/10, n/30.
27		Paid Northern Distributors in full, less discount.
29		Made refunds to cash customers for returned merchandise $130. The returned merchandise had cost $80.
31		Sold merchandise on account for $1,300, terms n/30. The cost of the merchandise sold was $810.

Sarasota Hardware uses a periodic inventory system and expects a return rate of 3% on all sales.

Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to the nearest whole dollar, e.g. 5,775. List all debit entries before credit entries.)