Prepare the appropriate journal entries for Allied Parts to record the May 5 purchase and each of the three separate transactions (a) through (c). Baker is a retailer that uses a perpetual inventory system and purchases these units for resale. Allied Parts was organized on May 1, 2013, and made its first purchase of merchandise on May 3. The purchase was for 2,000 units at a price of $10 per unit. On May 5, Allied Parts sold 1,500 of the units for $14 per unit to Baker Co. Terms of the sale were 2/10, n/60. (a) On May 7, Baker returns 200 units because they did not fit the customer's needs. Allied Parts restores the units to its inventory.