(To record cash sale) (To record cost of merchandise sold) (To record merchandse returned) (To recard cost of merchandive returned) Joumalize the transactions usine a perpetuat inwentorysystem. (Gendit eccount titles ere automatically indented when amount is entered. Do not indent mutnually. If so entry is required, select "No Entry" for the occount titlet ond enter " 0 " for the amounts. Record journal entries in the order presented in the problem.) Pina Colada Corp completed the following merchandining transactions in the month of Myy. At the begining of May the ledger of Pina Colada Corp showed Cash of 57 .900 and Commen 5 tock of $8,600 May 1 Purchayed merchandise on account from Black Wholesale Supply for $8,700, terms 1/10,n/20. 2 Sold merchandise on axtount $4800, terms 2/10,n/30. The cost of the merchandire vold was $3.200 5 Recrived crentit from Buck Wholeswle Sugply for reerchandive returned 5200 9 Recelved colkctions infull, less discounts, from custemers billed on Mor 2 10 Paid Elack Wholesale Sugply in fulli, less diccoant. 11 Purchased supplites for cash $900 12 Purchased merchandise for cash $2.900. 15 Received $230 refund for return of poor euslity merchandise from supplier on caph purchase. 17 Purchased merchandise on account from Wilheim Distributors tor $2.700, terms 2/10,n/30. 19 Paid treipht on Mar17 purchane $270. 25 Sold menchandise for cash 55,800 , The merchandive sold had a cost of 5,4,400 25 Purchased merchandoe on account from Clasps, icc. For 5000 , term 3/10.N/30 27. Paid Wateim Dstributors in fult less discount. 29 Made refundis to cash customen for retumed merchandise $126. The returned neerchundise cout $8. 31. Sold merchindise on account for 51:150 termi n/30. The cont of the merchundise sold was 3760 . (b) The parts of this question must be completed in order, This part will be wailable when you complete the part abowe. (c) The parts of this question must be completed in order. Thispart will be available when you complete the part above