Tool Retailer operates in a city where the combined state and local tax rate is 6%. During May 2018, it had the following transactions. May 12 Sold inventory to a customer for $1,400 plus sale tax for cash. The inventory costs $770. May 15 Sold inventory to a customer for $6,500 plus sales tax on account. The inventory costs $2,800. Record the transactions for May 2018. The company uses a perpetual inventory system. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. For transactions that have more than one debit or more than one credit, enter the accounts in alphabetical order. Date Account Title and Explanation Debit Credit May 12 Answer Cash Answer Answer Merchandise Inventory Answer Answer Sales Tax Payable Answer Cash sale May 12 Answer Answer Answer Answer COGS for the above sale May 15 Answer Answer Answer Answer Answer Answer Sales on account May 15 Answer Answer Answer Answer COGS for the above sale