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Martinez Hardware Store Inc. completed the following merchandising transactions in the month of May $2025.$ At the beginning of

May, Martinez's ledger showed Cash of $$8,400$ and Common Shares of $$8,400.$

May $1$ Purchased merchandise on account from Hilton Wholesale Supply for $$8,400,$ terms $\frac{2}{10},\frac{n}{30}.$

$2$ Sold merchandise on account for $$4,500,$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $$3,600.$

$5$ Received credit from Hilton Wholesale Supply for merchandise returned $$260.$

$9$ Received collections in full from customers billed on May $2.$

$10$ Paid Hilton Wholesale Supply in full, less discount.

$11$ Purchased supplies for cash $$900.$

$12$ Purchased merchandise for cash $$2,700.$

$15$ Received $$300$ refund for return of poor$-$quality merchandise from supplier on cash purchase.

$17$ Purchased merchandise from Northern Distributors for $$2,500,$ terms $\frac{2}{10},\frac{n}{30}.$

$19$ Paid freight on May $17$ purchase $$300.$

$24$ Sold merchandise for cash $$5,300.$ The cost of the merchandise sold was $$4,200.$

$25$ Purchased merchandise from Toolware Inc. for $$800,$ terms $\frac{3}{10},\frac{n}{30}.$

$27$ Paid Northern Distributors in full, less discount.

$29$ Made refunds to cash customers for returned merchandise $$120.$ The returned merchandise was returned to

inventory and had cost $$92.$

$31$ Sold merchandise on account for $$1,200,$ terms $\frac{n}{30}.$ The cost of the merchandise sold was $$900.$ Record the above transaction, from may $1-31$

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