signment CALCULATOR MESSAGtkev INSTRUCTOR FuLL SCREEN PRINTER VERSION BACK ES NEXT Problem 5-1A (Part Level Submission) Winters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May. Winters ledger showed Cash of $11,200 and Common Stock of $11,200 May 1 Purchased merchandise on account from Black wholesale Supply for $7,9so, terms 1/10n/30. 2 Sold merchandise on account for $4,500, terms 2/10, n/30. The cost of the merchandise sold was $3,375 5 Received credit from Black 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 $1,260 12 Purchased merchandise for cash $4,340. 15 Received $322 refund for return of poor-quality merchandise from supplier on cash purchase 17 Purchased merchandise from Wilhelm Distributors for $4,000, terms 2/10, n/30. 19 Paid freight on May 17 purchase $350 24 Sold merchandise for cash $7,700. The cost of the merchandise sold was $5,740 25 Purchased merchandise from Clasps Inc. for $1,120, terms 3/10, r/30. 27 Paid Wilhelm Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $135. The returned merchandise had cost $100 31 Sold merchandise on account for $1,792, terms n/30. The cost of the merchandise sold was $1.162 Wholesale Supply for merchandise returned $450 udy (a) Your answer is correct