Weygandt, Accounting Principles, 12e MESSAGE MY Problem 5-2A (Part Level Submission) Renner Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledger of Rener shomed Cash of $4,830 and Owner's Capital of $4,830. May 1 Purchased merchandise on account from Braun's Wholesale Supply $4,000, terms 1/10, n/30. 2 Sold merchandise on account $1,700, terms 2/10, n/30. The cost of the merchandise sold was $1,560. S Received credit from Braun's Wholesale Supply for merchandise returned $300. 9 Received 10 Paid Braun's Wholesale Supply in full, less discount. 11 Purchased supplies for cash $380. 12 in full, less discounts, from customers billed on sales of $1,700 on May 2 Purchased merchandise for cash $1,400. s Received refund for poor quality merchandise from supplier on cash purchase $130. from Valley Distributors $1,200, FOB shipping point, terms 2/10, n/30. 19 Paid freight on May 17 purchase $140. Sold 24 27 Paid Valley D ndise for cash $2,870. The merchandise sold had a cost of $2,110. from Lumley, Inc. $680, FOB destination, terms 2/10, n/30. in full, less discount. to cash customers for defective merchandise $70. The returned merchandise had a fair value of $30 31 Sold on account $1,170, terms n/30. The cost of the merchandise sold was $530. h, No. 112 Accounts Receivable, No. 120 Inventory, No. 126 Supplies, No. 201 Accounts Payable, No. 301 Owner's Capital, No. 401 Sales Revenue, No. 412 Sales Retu urns and Allowances, No. 414 Sales Discounts, and No. 505 Cost of Goods Sold y (a) manually. Record journal entries in the order presented in the problem.) arch @ ^ u.a40 PM