This is not econ, its for accounting.

Pharoah Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Pharoahs' ledger showed Cash of $7.500 and Common Stock of $7,500. May 1 2 5 9 10 11 Purchased merchandise on account from Black Wholesale Supply for $7,500, terms 1/10./30. Sold merchandise on account for $3,900, terms 2/10, 1/30. The cost of the merchandise sold was $2,800. 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 $2,600. Received $230 refund for return of poor quality merchandise from supplier on cash purchase. Purchased merchandise from Wilhelm Distributors for $2,000, terms 2/10, 1/30, 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, 1/30. 12 15 17 19 24 25 27 Paid Wilhelm Distributors in full, less discount 29 Made refunds to cash customers for returned merchandise $118. The returned merchandise had cost $170 Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $830. 31 Inventory > u Supplies Accounts Payable Accounts Payable > Common Stock Sales Revenue Sales Returns and Allowances Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold >