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Bridgeport Hardware Store Inc.completed the following merchandising transactions in the month of May 2022. At the beginning of May, Bridgeport's ledger showed Cash of $8.200 and Common Shares of $8,200. May 1 Purchased merchandise on account from Hilton Wholesale Supply for $8,200, terms 2/10, 1/30. 2 Sold merchandise on account for $4,100, terms /30. The cost of the merchandise sold was $3,380. 5 Received credit from Hilton Wholesale Supply for merchandise returned $300. 9 Received collections in full from customers billed on May 2. Paid Hilton Wholesale Supply in full, less discount. Purchased supplies for cash $930. Purchased merchandise for cash $2,920. Received $220 refund for return of poor-quality merchandise from supplier on cash purchase Purchased merchandise from Northern Distributors for $2,400, terms 2/10,n/30. Paid freight on May 17 purchase $270. Sold merchandise for cash $5,800. The cost of the merchandise sold was $4,000. Purchased merchandise from Toolware Inc for $820, terms 3/10,n/30. Paid Northern Distributors in full, less discount Made refunds to cash customers for returned merchandise $140. The returned merchandise had cost $80. 31 Sold merchandise on account for $1,500, terms n/30. The cost of the merchandise sold was $840. 10 11 12 15 17 19 24 25 27 29 Bridgeport Hardware uses a periodic inventory system and expects a return rate of 3% on all sales. Cash 5/11 5/10 5/5 V 5/9 5/1 Bal. > 5/9 5/2 v 5/2 5/5 5/10 Accounts Receivable Supplies Accounts Payable Refund Ulability V Common Shares Sales Purchases Purchase Returns and Allowances Purchase Discounts Freight In

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