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

May 1	Purchased merchandise on account from Hauke Wholesale Supply for $8,000, terms 1/10, n/30.
2	Sold merchandise on account for $4,400, terms 2/10, n/30. The cost of the merchandise sold was $3,300.
5	Received credit from Hauke Wholesale Supply for merchandise returned $200.
9	Received collections in full, less discounts, from customers billed on May 2.
10	Paid Hauke 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 from Friedrich Distributors for $2,500, terms 2/10, 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 from Fasteners Inc. for $800, terms 3/10, n/30.
27	Paid Friedrich Distributors in full, less discount.
29	Made refunds to cash customers for returned merchandise $124. The returned merchandise had cost $90.
31	Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $830.

Journalize the transactions using a perpetual inventory system.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)