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What am I missing numbers wise on May 15th? Required information Use the following information for the Exercises below. [The following information applies to the

What am I missing numbers wise on May 15th?
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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Allied Merchandisers was organized on May 1. Macy Co. is a major customer (buyer) of Allied (seller) products. May 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $10 cash per unit (for a total cost of $20,000). 5 Allied sold 1,500 of the units in inventory for $14 per unit (invoice total: $21,000) to Macy Co. under credit terms 2/10, n/60. The goods cost Allied $15,000. 7 Macy returns 125 units because they did not fit the customer's neede (invoice amount: $1,750). Allied restores the units, which cost $1,250, to its inventory. 8 Macy discovers that 200 units are scuffed but are still of use and, therefore, keeps the units. Allied sends Macy a credit memorandum for $300 toward the original invoice amount to compensate for the damage. 15 Allied receives payment from Maey for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount. Exercise 4-5 Recording purchases, purchases returns, and purchases allowances LO P1 Prepare the appropriate journal entries for Macy Co. to record each of the May transactions. Macy is a retailer that uses the gross method and a perpetual inventory system, and purchases these units for resale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No General Journal Debit Credit Date May 03 1 > No journal entry required 2 May 05 21,000 Merchandise inventory Arrinte navala IC 21 non Exercise 4-5 Recording purchases, purchases returns, and purchases allowances LO P1 2 Prepare the appropriate journal entries for Macy Co. to record each of the May transactions, Macy is a retailer that uses the gross method and a perpetual inventory system, and purchases these units for resale. (If no entry is required for a transaction/event, sele "No journal entry required" in the first account field.) Answer is not complete. No General Journal Debit Credit Date May 03 1 No journal entry required 2 May 05 Merchandise inventory Accounts payable 21,000 9 21,000 3 May 07 Accounts payable Merchandise inventory 1,750 1,750 4 May 08 300 > Accounts payable Merchandise inventory 300 5 May 15 18,950 Accounts payable Cash Merchandise inventory

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