Waters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Waters ledger showed Cash of $9,086 and Common Stock of $9,086. Post the transactions to T-accounts. Be sure to enter the beginning cash and commo stock balances

May 1		Purchased merchandise on account from Hauke Wholesale Supply for $8,500, terms 1/10, n/30.
2		Sold merchandise on account for $5,500, terms 2/10, n/30. The cost of the merchandise sold was $4,125.
5		Received credit from Hauke Wholesale Supply for merchandise returned $400.
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 $1,022.
12		Purchased merchandise for cash $3,521.
15		Received $261 refund for return of poor-quality merchandise from supplier on cash purchase.
17		Purchased merchandise from Friedrich Distributors for $3,100, terms 2/10, n/30.
19		Paid freight on May 17 purchase $284.
24		Sold merchandise for cash $6,247. The cost of the merchandise sold was $4,657.
25		Purchased merchandise from Fasteners Inc. for $909, terms 3/10, n/30.
27		Paid Friedrich Distributors in full, less discount.
29		Made refunds to cash customers for returned merchandise $144. The returned merchandise had cost $108.
31		Sold merchandise on account for $1,454, terms n/30. The cost of the merchandise sold was $943.

X 15/1 Bal. 9,086T5/10 15/9) 15,390T15/11 1,022 15/15) 261 115/12 13,521) 15/24) X 6.247 115/19 284 15/27) 13,038 15/29 1144 x 15/31 Bal. Accounts Receivable 15/2 15,500 15/9) 15,500) 15/31 11,454 15/31 Bal. 1,454 Inventory 15/1) 8,500T15/2) 74,125 15/12) 13,521 115/5) 400 x 15/17 13,100 115/10 15/19) 1284 115/15) 261 15/25 1909 715/24 14,657 15/29 108 115/27 62 |15/31 1943 x 15/31 Bal. Supplies 15/11) 1,022 15/31 Bal. 1,022 Accounts Payable 15/5 1400/115/1) 18,500 15/10 |15/17) 13,100)