Problem 8-6A The following selected transections occurred for Runner Corporation. The company uses perpetual inventory system, has a May 31 year end, and adjusts accounts annually Feb. 1 Sold merchandise for $8,500 on account (n/30) to Morgan Ltd.. The cost of goods sold was $6,375 eld 13 200 of .. shd ee ld. t6 900 nate in navment, Interest is due at meturity. 5old, on account $4.200 of merchandise that cost $2,700 to Superior Limited Mar 6 Accepted a two-month, 0% , $13,200 note from Mathias for the balance due, Interest is due at maturity, (See February 26 trancation. May 27 The Mathias note of March was dishonoured, It is expected that Mathias will eventually oay the amount oned. three months on outstanding interest on the receivable due from Mergan, Interest on unpaid receivables is dcharged at 24% per annum (2 % per month). (See February 1 transaction.) Becorded acerued interest 31 required, select "No Entry" the nearest whole dollar, e.g. Record the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry ,275.) account titles and enter o for the anounts. Round answers