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Whispering Winds Hardware Store Inc completed the following merchandising transactions in the month of May 2018. Atthe beginning of May. Whispering Winds's ledger showed Cash
Whispering Winds Hardware Store Inc completed the following merchandising transactions in the month of May 2018. Atthe beginning of May. Whispering Winds's ledger showed Cash of $8,200 and Common Shares of $8,200. May Purchased merchandise on account from Hilton Wholesale Supply for $8,200, terms 2/10,n/30. 2 Sold merchandise on account for $4,600, terms 3/10,n/30. The cost of the merchandise sold was $3,000. 5. Received credit from Hilton Wholesale Supply for merchandise returned $300. 9 Received collections in full, less discounts, from customers bililed on May 2. 10 Pald Hition Wholesale Supply in fult, less discount. 11 Purchased supplles for cash $890. 12 Purchased merchandise for cash $2.940. 15 Received $250 refund for retum of poor-quality merchandise from supplier on cash purchase. 17. Purchased merchandise from Northern Distributors for 52,600 , terms 2/10,n/30 19 Paid freight on May 17 purchase $280. 24 Sold merchandise for cash 55,150 . The cost of the merchandtse sold was 54.390. 25 Punchased merchandise from Toolwarelnc for $760 : terms 9 c10:2030 27 Paid Nocthem Distributors in full less discount: 29 Maderefunds to cash 31 Sold merchandise on pccount for $1330, terms n/30. The cost of the merchandise soldwas $850 : Whispering Windi Hacdwareuses a perpetual inventory system. (a) Record the above transactions - Credit account bities are automatically indented when the amount is entared Donotindentmonwely if no entry is required seloct "No Entry for the occount titles ond enter O for the amounts. Round answer to the neur et whole dollac es: 5,775
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