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Dear All, Could you please check my answer. I'm not sure whether I did them right or wrong. Thank you so much for your kindness.


May 1 Purchased supplies for cash, $300
Debit Supplies 500 Credit Cash 500
May 4 Purchased inventory on credit terms of 3/10 net eom, $6000.
Debit Inventory 6,000 Credit Account Payable 6,000
May 8 Returned half the inventory purchased on May 4. It was not the inventory
Ordered.
Debit Accounts Payable (6,000*0.50) 3000 Credit Inventory 3000
May 10 Sold goods for cash, $450 (cost,250)
Debit Cash 450 Credit Sales Revenue 450
Debit Cost of goods sold 250 Credit Inventory 250
May 13 Sold inventory on credit terms of 2/15, n/45, $3900. (cost $1800)
Debit Account Receivable 3,900 Credit Sales Revenue 3,900
Debit Cost of goods sold 1,800 Credit Inventory 1,800
May 14 Paid the amount owed on account from May 4, less the return (May 8) and the
Discount.
Debit Accounts Payable (6,000-3000) 3,000 Credit Cash 3,000
May 17 Received defective inventory as a sales return from the May 13 sale, $900.
Terry’s cost of the inventory received was $600.
Debit Sales Returns and Allowances 900 Credit Accounts Receivable 900
Debit Inventory 600 Credit Cost of Goods sold 600
May 18 Purchased inventory of $5,000 on account. Payment terms were 2/10 net 30.
Debit Inventory 5,000 Credit Accounts Payable 5000
May 26 Paid the net amount owed for the May 18 purchase.
?
May 28 Received cash in full settlement of the account from the customer who
Purchased inventory on May 13, less the return and the discount.
?
May 29 Purchased inventory for cash, $2,000, plus freight charges of $160.
Debit Inventory 2,160 Credit Cash 2,160

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May 14, Debit Accounts Payable for 3,000
Credit Cash for 2,910
Credit Purchase Discount for 90 (3,000 *3%)

May 26. Debit accounts Payble for 5,000
Credit cash for 4,900
Credit Purchase Discount for 100 (5,000 * 2%)

The other transactions look correct.