Adam Nichols, a former disc golf star, operates Marigold Corp.. At the beginning of the current season on April 1, the ledger of Marigold Corp. showed Cash $1,800, Inventory $2,600, and Common Stock $4,400. The following transactions were completed during April. Apr. 5 Purchased golf discs, bags, and other inventory on account from Rayford Co. $1,000, 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 $100. 10 Sold merchandise on account for $900, terms n/30. The merchandise sold had a cost of $540. 12 Purchased disc golf shirts and other accessories on account from Galaxy Sportswear $590, terms 1/10, n/30. 14 Paid Rayford Co. in full, less discount. 17 Received credit from Galaxy Sportswear for merchandise returned $90. 20 Made sales on account for $620, terms n/30. The cost of the merchandise sold was $400. 21 Paid Galaxy Sportswear in full, less discount. 27 Granted an allowance to customers for clothing that was flawed $40. 30 Received payments on account from customers $940. Enter the beginning balances in the ledger accounts and post the April transactions. (Round answers to 0 decimal places, e.g. 5,275. Post entries in the order of journal entries presented in the previous part.) Cash Date Explanation Ref. Debit Credit Balance Accounts Receivable Ref. Debit Date Explanation Credit Inventory Date Explanation Ref. Debit Credit Accounts Payable Date Explanation Ref. Debit Credit Common Stock Date Explanation Ref. Debit Credit Balance Sales Revenue Date Explanation Ref. Debit Credit j1 Sales Returns and Allowances Dato Synlanation Dof Dobit Credit Sales Returns and Allowances Date Explanation Ref. Debit Credit J1 Cost of Goods Sold Date Explanation Ref. Debit Credit eTextbook and Media