Waters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Waters ledger showed Cash of $10,181 and Common Stock of $10,181.

May 1 Purchased merchandise on account from Hauke Wholesale Supply for $8,300, terms 1/10, n/30. 2 Sold merchandise on account for $5,000, terms 2/10, n/30. The cost of the merchandise sold was $3,750. 5 Received credit from Hauke Wholesale Supply for merchandise returned $500. 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 $1,145. 12 Purchased merchandise for cash $3,945. 15 Received $293 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Friedrich Distributors for $4,500, terms 2/10, n/30. 19 Paid freight on May 17 purchase $318. 24 Sold merchandise for cash $6,999. The cost of the merchandise sold was $5,218. 25 Purchased merchandise from Fasteners Inc. for $1,018, terms 3/10, n/30. 27 Paid Friedrich Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $145. The returned merchandise had cost $109. 31 Sold merchandise on account for $1,629, terms n/30. The cost of the merchandise sold was $1,056.

Journalize the transactions using a perpetual inventory system,