Journalize the transactions using a perpetual inventory system.

Marigold Corp. completed the following merchandising transactions in the month of May. At the beginning of May, the ledger Marigold Corp. showed Cash of $7,300 and Common Stock of $8,100. May 1 Purchased merchandise on account from Black Wholesale Supply for $7,400, terms 1/10,n/30. 2. Sold merchandise on account $4,000, terms 2/10,n/30. The cost of the merchandise sold was $3,000. 5 Received credit from Black Wholesale Supply for merchandise returned $200. 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 $900. 12. Purchased merchandise for cash $3,200. 15 Received $260 refund for return of poor quality merchandise from supplier on cash purchase. 17 Purchased merchandise on account from Wilhelm Distributors for $2,300, terms 2/10,n/30. 19 Paid freight on May 17 purchase $250 24 Sold merchandise for cash \$5,500. The merchandise sold had a cost of \$4,200. 25 Purchased merchandise on account from Clasps. Inc. For 5700 , terms 3/10,n/30. 27. Paid Wilheim Distributors in fult, less discount. 29. Made refunds to cash customers for returned merchandise \$127. The returned merchandise cost $10. 31 Sold merchandive on account for $1,300 terms n/30. The cost of the merchandise sold was $790. Journalize the transactions using a perpetual imventory system. (Credit occount titles are automatically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter " 0 ' for the amounts. Record journal entries in the order presented in the problem.)