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May 2-Sold merchandise to Johnson Supply on credit, invoice no 9501 for $4500 (cost is...

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Accounting

May 2-Sold merchandise to Johnson Supply on credit, invoice no 9501 for $4500 (cost is $2000).

May3 - Issues a credit memorandum to Johnson Supply for defective merchandise sold may 2 and returned for credit.

May 5- Recieved payment from Johnson supply for the may 2 sale less the may 3rd return and discount. (terms 2/10 n/30) Complete the general journal transaction for may 5.

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