uestion $6$ of $6$

$\frac{-}{2\mathrm{.}2}$

Winters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Winters' ledger showed Cash of $$8,000$ and Common Stock of $$8,000.$

May $1$ Purchased merchandise on account from Black Wholesale Supply for $$8,000,$ terms $\frac{1}{10},\frac{n}{30}.$

$2$ Sold merchandise on account for $$4,400,$ terms $\frac{2}{10},\frac{n}{30}.$ The cost of the merchandise sold was $$3,300.$

$5$ Received credit from Black Wholesale Supply for merchandise returned $$200.$

$9$ Received collections in full, less discounts, from customers billed on May $2.$

$10$ Paid Black Wholesale Supply in full, less discount.

$11$ Purchased supplies for cash $$900.$

$12$ Purchased merchandise for cash $$3,100.$

$15$ Received $$230$ refund for return of poor$-$quality merchandise from supplier on cash purchase.

$17$ Purchased merchandise on account from Wilhelm Distributors for $$2,500,$ terms $\frac{2}{10},\frac{n}{30}.$

$19$ Paid freight on May $17$ purchase $$250.$

$24$ Sold merchandise for cash $$5,500.$ The cost of the merchandise sold was $$4,100.$

$25$ Purchased merchandise on account from Clasps Inc. for $$800,$ terms $\frac{3}{10},\frac{n}{30}.$

$27$ Paid Wilhelm Distributors in full, less discount.

$29$ Made refunds to cash customers for returned merchandise $$124.$ The returned merchandise had cost $$70.$

$31$ Sold merchandise on account for $$1\mathrm{.}280.$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $$762.$