Winters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Winters' ledger showed Cash of $9,600 and Common Stock of $9,600o. May Purchased merchandise on account from Black Wholesale Supply for $ 8,100, terms 1/10, n/30. 2 Sold merchandise on account for $ 4,900, terms 2/10, n/30. The cost of the merchandise sold was $3,675. 5 Received credit from Black Wholesale Supply for merchandise returned $ 400. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Black Wholesale Supply in full, less discount. 11 Purchased supplies for cash $1,080. 12 Purchased merchandise for cash $ 3,720 15 Received $ 276 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Wilhelm Distributors for $2,850, terms 2/10, n/30 19 Paid freight on May 17 purchase $ 300. 24 Sold merchandise for cash $ 6,600. The cost of the merchandise sold was $ 4.920. 25 Purchased merchandise from Clasps Inc. for $ 960, terms 3/10, n/30