9 10 At the beginning of the current season on April 1, the ledger of Blossom Pro Shop showed Cash $2,600; Inventory $3,500; and Common Stock $6,100. The following transactions were completed during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co.$1,400, terms 2/10, 1/60. 7 Paid freight on Arnie purchase $80. Received credit from Arnie Co. for merchandise returned $200. Sold merchandise on account to members $1,200, terms n/30. The merchandise sold had a cost of $720. Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $740, terms 1/10, 1/30. 14 Paid Arnie Co. in full Received credit from Woods Sportswear for merchandise returned $40. Made sales on account to members $800, terms 30. The cost of the merchandise sold was $550. Paid Woods Sportswear in full, Granted an allowance to members for clothing that did not hit properly $70, Received payments on account from members $1,100. 12 17 20 21 27 30 Date Account Titles and Explanation Debit Credit I (To record credit sale) (To record cost of goods sold) to record Cost or goods S00) I (To record credit sale) (To record cost of goods sold) (To record cost of goods sold) n eTextbook and Media List of Accounts Cash Accounts Receivable > Inventory > Accounts Payable Common Stock Sales Revenue Sales Returns and Allowances Cost of Goods Sold BLOSSOM PRO SHOP Trial Balance Debit Credit $ Prepare an income statement through gross profit for the month of April 2022. BLOSSOM PRO SHOP Income Statement (Partial) 14 17 20 21 Received credit from Woods Sportswear for merchandise returned $40. Made sales on account to members $800, terms n/30. The cost of the merchandise sold was $550. Paid Woods Sportswear in full. Granted an allowance to members for clothing that did not fit properly $70. Received payments on account from members $1,100. 27 30 Journalize the April transactions using a perpetual inventory system. (If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record Joumal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries posted in part a. For accounts that have a zero balance select *4/30 Bol." from the list and enter for the amount.) Cash Accounts Receivable Prepare a trial balance on April 30, 2022. (Do not list those accounts that have zero ending balance.) BLOSSOM PRO SHOP Trial Balance Debit Credit $ Prepare an income statement through gross profit for the month of April 2022. BLOSSOM PRO SHOP Income Statement (Partial) e Textbook and Media