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2 5 9 10 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. Sold merchandise on account for $4.100, terms /30. The cost of the merchandise sold was $3,380. Received credit from Hilton Wholesale Supply for merchandise returned $300. Received collections in full from customers billed on May 2. Paid Hilton Wholesale Supply in full, less discount 11 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, 1/30. 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, 1/30. Paid Northern Distributors in full, less discount Made refunds to cash customers for returned merchandise $140. The returned merchandise had cost $80. Sold merchandise on account for $1.500, terms /30. The cost of the merchandise sold was $840. 12 15 17 19 24 25 27 29 31 Bridgeport Hardware uses a periodic inventory system and expects a return rate of 3% on all sales. Date Account Titles and Explanation Debit Cred > >

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