Winters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Winterss ledger showed Cash of $ 8,000 and Common Stock of $ 8,000.

Journalize the transactions using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Winters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Winterss ledger showed Cash of $ 8,000 and Common Stock of $ 8,000. May 1 2 5 9 10 11 12 Purchased merchandise on account from Black Wholesale Supply for $8,000, terms 1/10, 1/30. Sold merchandise on account for $4,400, terms 2/10, 1/30. The cost of the merchandise sold was $ 3,300, Received credit from Black Wholesale Supply for merchandise returned $ 200. Received collections in full, less discounts, from customers billed on May 2. Paid Black Wholesale Supply in fullless discount Purchased supplies for cash $ 900. Purchased merchandise for cash $ 3,100 Received $ 230 refund for return of poor quality merchandise from supplier on cash purchase. Purchased merchandise from Wilhelm Distributors for $2,500, terms 2/10, 1/30 Paid freight on May 17 purchase $ 250. Sold merchandise for cash $ 5,500. The cost of the merchandise sold was 54,100 Purchased merchandise from Clasps Inc. for $ 800, terms 3/10,1/30 Pald Wilhelm Distributors in full, less discount Made refunds to cash customers for returned merchandise S 124. The returned merchandise had cost $90 Sold merchandise on account for 5 1.280, terms 1/30. The cost of the merchandise sold was 5 830 15 17 19 24 25 27 29 31 Journalize the transactions using a perpetual inventory system. (If no entry is requlred, select "No Entry for the account titles and enter for the amounts Credit account ttles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) Account Titles and Explanation Debit Credit Date May 17 May2 (To record credit sale) (To record cost of merchandise sold) Mays More Mays My May 10 May 11 May 12 May 15 Question 9 of 9 M May to record (to record code) (To record payment for returned merchandise) (To record cost of goods returned) (To record credit sale) (To record cost of goods sold on account)