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 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. Paid freight on May 17 purchase $300. 24 19 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 24 25 27 29 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. Paid Wilhelm Distributors in full, less discount. Made refunds to cash customers for returned merchandise $ 135. The returned merchandise had cost $ 99 Sold merchandise on account for $ 1,536, terms n/30. The cost of the merchandise sold was $ 996. 31