1. journalize the information using the prepetual inventory system

2. post tranasctions to T accounts. Be sure to use the beginning cash and common stock balances

3. prepare an income statement through gross profit for the month of may 2022. ( round answers to 0 decimal places)

Wildhorse Hardware Store completed the following merchandising transactions in the month of May. At the beging of wildhors' 20 d May 1 Purchased merchandise on account from Black Wholesale Supply for $9, 200, terms 1/10,30 2 Sold merchandise on account for $5,600,terms 2/10, 30. The cost of the merchandise sold was $4.500 5 Received credit from Black Wholesale Supply for merchandise returned $200 9 Received collections in full, less discounts, from customers bied on May 2. 10 Paid Black Wholesale Supply in less discount 11 Purchased supplies for cash $ 0. 12 Purchased merchandise for cash $4,200 15 Received 20 rund for return of poor quality merchandise from supplier on cash purchase 17 Purchased merchandise from Wilhelm Distributors for $3,600, terms 2/10, 130. 19 Paid freight on May 17 purchase $250. 24 Sold merchandise for cash $5,500. The cost of the merchandise sold was 54,100 25 Purchased merchandise from Clasps Inc. for $300, terms 3/10, 130 27 Paid Wilhelm Distributors in less discount 29 Made refunds to cash customers for returned merchandise $88. The returned merchandise had at $100 31 Sold merchandise on account for $1,200, terms . The cost of the merchandise sold was