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April 1, the ledger of Cheyenne Corp. Shop showed Cash $2,000, Inventory $2,200, and Common Stock $4,200. The following transactions were completed during April 2022.

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April 1, the ledger of Cheyenne Corp. Shop showed Cash $2,000, Inventory $2,200, and Common Stock $4,200. The following transactions were completed during April 2022. Apr. 5 Purchased golf discs, bags, and other inventory on account from Arnie Co. $1,050, FOB shipping point, terms 2/10,n/60. 7 Paid freight on the Arnie purchase $40. 9. Received credit from Arnie Co. for merchandise returned $200. 10 Sold merchandise on account for $950, terms n/30. The merchandise sold had a cost of $570. 12. Purchased disc golf shirts and other accessories on account from Woods Sportswear $670, terms 1/10,n/30. 14 Paid Arnie Co. in full, less discount. 17 Received credit from Woods Sportswear for merchandise returned $70. 20 Made sales on account to members for $580, terms n/30. The cost of the merchandise sold was $350. 21 Paid Woods Sportswear in full, less discount. 27. Granted an allowance to members for clothing that did not fit $40. 30 Received payments on account from members $920. The chart of accounts for the store includes the followings No, 101 Cash, No. 112 Accounts Receivable, No. 120 inventory. Na 201 Accounts Payable, No, 311 Common Stock, No, 401 Sales Revenue, No, 412 Sales Returns and Allowances, and No, 505 Cost of Goods Sold. Enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of joumol entries presented in the previous part.) Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance ]1 J1 J1 J1 ]1 31 Common Stock No. 311 Date Explanation Ref. Debit Credit Balance Balance Sales Revenue No. 401 Date Explanation Ref. Debit Credit Balance Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes

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