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 $ 9,600. May Purchased merchandise on account from Black Wholesale Supply for $ 8,100, terms 1/10, n/30. 2 5 9 10 11 12 15 17 19 24 25 Sold merchandise on account for $4,900, terms 2/10, n/30. The cost of the merchandise sold was $ 3,675. Received credit from Black Wholesale Supply for merchandise returned $400. Received collections in full, less discounts, from customers billed on May 2. Paid Black Wholesale Supply in full, less discount. Purchased supplies for cash $1,080 Purchased merchandise for cash $ 3,720. Received $ 276 refund for return of poor-quality merchandise from supplier on cash purchase. Purchased merchandise from Wilhelm Distributors for $2,850, terms 2/10, n/30. Paid freight on May 17 purchase $ 300. Sold merchandise for cash $6,600. The cost of the merchandise sold was $ 4,920. Purchased merchandise from Clasps Inc. for $ 960, terms 3/10, n/30