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Prepare CF (indirect method) 1-Janssen Hardware Store completed the following merchandising transactions in the month of May

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Prepare CF (indirect method)

1-Janssen Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Janssen’s ledger showed Cash of $8,000 and Common Stock of $8,000.
May 1 Purchased merchandise on account from Vanco Wholesale Supply for
$8,000, terms 1/10, n/30.
2 Sold merchandise on account for $4,400, terms 2/10, n/30. The cost of
the merchandise sold was $3,300.
5 Received credit from Vanco Wholesale Supply for merchandise returned
$200.
9 Received collections in full, less discounts, from customers billed on
May 2.
10 Paid Vanco Wholesale Supply in full, less discount.
11 Purchased supplies for cash $900.
12 Purchased merchandise for cash $3,100.
15 Received $230 refund for return of poor-quality merchandise from supplier
on cash purchase.
17 Purchased merchandise from Strickler Distributors for $2,500, terms
2/10, n/30.
19 Paid freight on May 17 purchase $250.
24 Sold merchandise for cash $5,500. The cost of the merchandise sold
was $4,100.
25 Purchased merchandise from Fasteners Inc. for $800, terms 3/10, n/30.
27 Paid Strickler Distributors in full, less discount.
29 Made refunds to cash customers for returned merchandise $124. The
returned merchandise had cost $90.
31 Sold merchandise on account for $1,280, terms n/30. The cost of the
merchandise sold was $830.