The following transactions were completed by Montrose Company during May of the current year. Montrose Company uses a perpetual inventory system. May.3 Purchased merchandise on account from Floyd Co., $4,000, terms FOB shipping point,2/10, n/30, with prepaid transportation costs of $120 added to the invoice. Purchased merchandise from Kramer Co., $8.500, terms FOB destination, 1/10, n/30. Sold merchandise on account to C.F. Howell Co., list price $4,000, trade discount 30%, terms 2/10, n/30. The cost of merchandise sold was $1,125. Purchased office supplies for cash $150. Return merchandise purchased on May 5 from Kramer Co., $1,300. 5. 6. 8. 10. 13. 14. 15. 16. 19. Paid Floyd Co., on account for purchase of May 3, less discount Purchased merchandise for cash $10,500. 24. 25. Paid Kramer Co. on account for purchase on May 5, less return of May 10 and discount. Received cash on account from sale of May 6 to C. F. Howell Co., less discount. Sold merchandise on nonbank credit cards and reported accounts to the card company, $2,450. The cost of merchandise sold was $980. 22. Sold merchandise on account to Comer Co.,.$3,480, terms 2/10, n/30. The cost of the merchandise sold was $1,400 Sold merchandise for cash, $4,350. The cost of the merchandise sold was $1750. Received merchandise returned by Comer Co., from sale on May 22, $1,480. The cost of the returned merchandise was $600. 31. Received cash from card company for nonbank credit card sales on May 19, les $140 service fee.

The following transactions were completed by Montrose Company during May of the current year. Montrose Company uses a perpetual inventory system. May:3 Purchased merchandise on account from Floyd CO0,$4,000, terms FOB shipping point, 2/10, n/30, with prepaid transportation cost $120 added to the invoice. 5. Purchased merchandise from Kramer Co, $8.500, terms FOB destination, 1/10,n/30. 6. Sold merchandise on account to C.F. Howell Co, list price $4,000, trade discount 30%, terms 2/10,n/30. The cost of merchandise sold was $1,125. 8. Purchased office supplies for cash $150. 10. Return merchandise purchased on May 5 from Kramer Co., $1,300. 13. Paid Floyd Co., on account for purchase of May 3 , less discount 14. Purchased merchandise for cash $10,500. 15. Paid Kramer Co. on account for purchase on May 5, less return of May 10 and discount. 16. Received cash on account from sale of May 6 to C. F. Howell Co., less discount. 19. Sold merchandise on nonbank credit cards and reported accounts to the card company, $2,450. The cost of merchandise sold was $980. 22. Sold merchandise on aceount to Comer Co. $3,480, terms 2/10,n/30. The cost of the merchandise sold was $1,400 24. Sold merchandise for cash, $4,350. The cost of the merchandise sold was $1750. 25. Received merchandise returned by Comer Co, from sale on May 22,$1,480. The cost of the returned merchandise was $600. 31. Received cash from card company for nonbank credit card sales on May 19, les $140 service foe