again using proposed GAAP. Joanie Kane, a former professional golfer, operates Kane's Pro Shop at Crowbush Golf course. At the beginning of current season on April 1, the ledger of Kane's Pro Shop showed Cash $2,500; Merchandise Inventory $3,500; and Kane, Capital $6,000. The following transactions occurred during April 2017 : April 5 Purchased golf bags, clubs, and balls on account from Balata Co. for $1,600, FOB shipping point, terms n/60 7 Paid freight on Balata Co. purchases, $80. 9 Received credit from Balata Co. for merchandise returned, $100. 10 Sold merchandise on account to members $900, terms n/30. Sportswear, $660, terms 3/15,n/30. 14 Paid Balata Co. in full. 17 Received $60 credit from Arrow Sportswear for merchandise returned. 20 Made sales on account to members, $700, terms n/30. 21 Paid Arrow Sportswear in fill. 27 Granted credit to members for clothing that did not fit, $30. 30 Made cash sales, $600. 30 Received payments on account from members, $1,100. Instructions Journalize April transactions for Kane's Pro Shop using the periodic inventory system