please help with the last entry

Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below) Allied Merchandisers was organized on May 1. Macy Company is a major customer (buyer) of Aled (seller products. May) Allied made its first and only purchase of Inventory for the period on May ) for 3,000 units at price of 57 cash per unit for a total cost of $21,000). May S Allied sold 1,500 of the unita in inventory for $11 per unit (invoice totalt 116,500) to Mary Company under credit terms 2/10, 1/60. The goods cost Allied $10.500. May 7 Mecy returns 150 units because they did not fit the customer's needs (invoice amount: $1,650). Allied restore the units, which cont $1,050, to its inventory May Macy discovers that 150 units are suffed but are still of use and, therefore, keeps the unita. Allied gives a price reduction allowance) and credits Macy's accounts receivable for $450 to compensate for the damage May 15 Allied receiver payment from Haey for the count oved on the May 5 purchase payment is net of returns, allowances, and any cash discount Exercise 4-6 (Algo) Recording sales, sales returns, and sales allowances LO P2 Prepare Journal entries to record the following transactions for Alled assuming it uses a perpetual inventory system and the gross method View transaction fist View journal entry worksheet No Date General Journal Credit 1 May 03 Deble 21,000 Merchandise inventory Cash 21,000 2 May 05 16,500 Accounts receivable Sales 16,500 2 3 May 05 Cost of goods sold Merchandise Inventory 10,500 10,500 4 May 07 1,650 Sales returns and allowances Accounts receivable 1.650 5 May 07 1,050 Merchandise inventory Cost of goods sold 1,050 6 May 08 450 Sales returns and allowances Accounts receivable 450 7 2 7 May 15 Cash