$[$The following infomation applies to the questions displayed below$]$

Allied Merchandisers was organized on May $1.$ Macy Company is a major customer $($buyer$)$ of Allied $($seller$)$ products.

Nay $3$ Allied made its first and only purchase of inventory for the periad on Nay $3$ for $2,$ eab units at a price af $$9$ cash per unit $($for a total cost of $$18,006).$

May $5$ Allied sold $1,000$ of the units in inventory for $$13$ per unit $($invaice total: $$13,$ eae$)$ to Macy Corpany under credit terms $\frac{2}{10},\frac{n}{66}.$ The goods cost Allied $$9,$ eate.

May $7$ Macy returns $160$ units because they did not fit the customer's needs $($invoice arount: $$1,3$eb$).$ Allied restores the units, which cost $$906,$ to its inventory.

May $8$ Macy discovers that $160$ units are scuffed but are still of use and, therefore, keeps the units. Allied gives a price reduction $($allowance$)$ and credits Macy's accounts receivable for $$500$ to compensate for the damage.

May $15$ Allied receives payment from Macy for the anount owed on the May $5$ purchase; payment is net of returns, allowances, and any cash discount.

Prepare the appropriate journal entries for Macy Company to record each of the May transactions. Macy is a retailer that uses the gross method and a perpetual inventory system; it purchases these units for resale.

Note: If no entry is required for a transactlon$/$event$,$ select $"$No journal entry reculred" In the frist account theld.

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$1$

$2$

$3$

$4$

$5$

Allied made its first and only purchase of inventory for the period on May $3$ for $2,000$ units at a price of $$9$ cash per unit $($for a total cost of $$18,000).$

Note: Enter debits before Gredits.

$\backslash$table$[[$Date$,$General Journal,,Debit,Credit$],[$May $03,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$

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