Adam Nichols, a former disc golf star, operates Adams Discorama. At the beginning of the current season on April 1, the ledger of Adams Discorama showed Cash $1,900, Inventory $2,300, and Common Stock $4,200. The following transactions were completed during April.

Apr. 5 Purchased golf discs, bags, and other inventory on account from Rayford Co. $1,100, FOB shipping point, terms 2/10, n/60 7 Paid freight on the Rayford purchase $40 9 Received credit from Rayford Co. for merchandise returned $200 10 Sold merchandise on account for $870, terms n/30. The merchandise sold had a cost of $522 12 Purchased disc golf shirts and other accessories on account from Galaxy Sportswear $560, terms 1/10, n/30 14 Paid Rayford 17 Received credit from Galaxy Sportswear for merchandise returned $60 20 Made sales on account for $580, terms n/30. The cost of the merchandise sold was $300 21 Paid Galaxy Sportswear in full, less discount. 27 Granted an allowance to customers for clothing that was flawed $10 30 Received payments on account from customers $950 Co. in full, less discount. The chart of accounts for the store includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 201 Accounts Payable, No. 311 Common Stock, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, and No. 505 Cost of Goods Sold