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. Journalize the transactions using a perpetual inventory system.

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.

(lo record credit sale) TCost of Goods Sold 14,125 Inventory May 5 Accounts Payable 400 Inventory 1400 May 9 Cash 15,412 Sales Discounts X 188 Accounts Receivable 15,500 May 10 Accounts Payable TInventory 5 Cash May 11 Supplies Cash 1,022 May 12 Inventory Cash May 15 Cash Inventory 261 May 17 Inventory 73,100 TAccounts Payable D 13,100 May 19 Inventory 284) TCash 7284 May 24 TAccounts Receivable 6,247) 16,247 Sales Revenue (To record sales) TCost of Goods Sold Inventory May 25 Inventory TAccounts Payable May 27 Accounts Payable 73,100 Inventory 150 Cash 3,050 wholm De All