Journalize, post, and prepare P5-2B Copple Hardware Store completed the following merchandising transactions in a partial income statement. the month of May. At the beginning of May, the ledger of Copple showed Cash of $5,000 (LO2,3,5) and Share Capital-Ordinary of $5,000. May 1 Purchased merchandise on account from Nute's Wholesale Supply $4,200, terms 2/10,n/30. 2 Sold merchandise on account $2,300, terms 1/10,n/30. The cost of the merchandise sold was $1,300. 5 Received credit from Nute's Wholesale Supply for merchandise returned $500. 9 Received collections in full, less discounts, from customers billed on sales of $2,300 on May 2. 10 Paid Nute's Wholesale Supply in full, less discount. 11 Purchased supplies for cash $400. 12 Purchased merchandise for cash $1,400. 15 Received refund for poor quality merchandise from supplier on cash purchase $150. 17 Purchased merchandise from Sherrick Distributors $1,300, FOB shipping point, terms 2/10,n/30. Journalize, post, and prepare P5-2B Copple Hardware Store completed the following merchandising transactions in a partial income statement. the month of May. At the beginning of May, the ledger of Copple showed Cash of $5,000 (LO2,3,5) and Share Capital-Ordinary of $5,000. May 1 Purchased merchandise on account from Nute's Wholesale Supply $4,200, terms 2/10,n/30. 2 Sold merchandise on account $2,300, terms 1/10,n/30. The cost of the merchandise sold was $1,300. 5 Received credit from Nute's Wholesale Supply for merchandise returned $500. 9 Received collections in full, less discounts, from customers billed on sales of $2,300 on May 2. 10 Paid Nute's Wholesale Supply in full, less discount. 11 Purchased supplies for cash $400. 12 Purchased merchandise for cash $1,400. 15 Received refund for poor quality merchandise from supplier on cash purchase $150. 17 Purchased merchandise from Sherrick Distributors $1,300, FOB shipping point, terms 2/10,n/30