Adam Nichols, a former disc golf star, operates Metlock, Inc. At the beginning of the current season on April 1, the ledger of Metlock Inc. showed Cash $1,800, Inventory $2,400, 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. $1,200. FOB shipping point terms 2/10./60. 7 Paid freight on the Rayford purchase $50. 9 Received credit from Rayford Co. for merchandise returned $100. 10 Sold merchandise on account for $980. terms n/30. The merchandise sold had a cost of $588. 12 Purchased disc golf shirts and other accessories on account from Galaxy Sportswear $640. terms 1/10, 1/30. 14 Paid Rayford Co. in full, less discount. 17 Received credit from Galaxy Sportswear for merchandise returned $40. 20 Made sales on account for $700, 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 $10. 30 Received payments on account from customers $930. 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. Journalize the April transactions using a perpetual inventory system. (Credit account tities are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit A05 Inventory Accounts Payable Apr. 7 Inventory - 100 Coordi 500 To record credit sale To record cost of merchandise sole, Accounts Payable Apr. 14 Cost of Good Sold No Entry No Entry No Enwy Apr.20 Cost of Good Sold Inventory Apr 2! A wale Cont of Coods Sold To record credit sale! Cost of Goods Sold Apr 23 Accounts Receivable To record cost of merchandise sale