needs help : additional information ;it uses periodic not perpetuall . may 24 entry fro credits. list refund liability before sales

Culver Hardware Store Inc. completed the following merchandising transactions in the month of May 2022. At the beginning of M? Cutver's ledger showed Cash of $8,000 and Common Shares of $8,000. May 1 Purchased merchandise on account from Hilton Wholesale Supply for $8,000, terms 2/10,r/30. 2 Sold merchandise on account for $4,300, terms N/30. The cost of the merchandise sold was $3,060. 5. Recelved credit from Hilton Wholesale Supply for merchand ise returned $300 9 Received collections in full from customers billed on May 2. 10 Paid Hiiton Wholesale Supply in full, less discount. 11 Purchased supplies for cash $890 12. Purchased merchandise for cash $2.840. 15. Received $200 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandlse from Northern Distributors for $2:500, terms 2/10,n/30. 19 Pald frelght on May 17 purchase $230. 24 Sold merchandise for cash $5,200. The cost of the merchandise sold was $4,300. 25 Purchased merchandise from Toolware inc for $840, terms 3/10,n/30 27 Paid Northem Distributors in tuil, less discount. 29. Maderefunde to cash cuistomers for retuened merchandise $120. The returned merchandise had cost $90 39 Sold merchandise on account for 51.100 . temms nab0. The cost ot the merchandise sold was 5810. Culver Hard ware ubes a periodicinventory systein and expects a return rate of 30 on all sales Question 2 of 4 Coot of croods tiall My tffertiony Recoumis Prakak Mry27= Rocousrs Pratile Imatortory Fash Marrin: w Sales Returns and Nlowandes Aocowists Receivable. M31=0 Accueriti Procivable. Whearticed Rievenue Irinkesty etextbools and medias Listiof Aecounts Attemplsi 6 ot 15 used Sibmit Aviswer