At the beginning of the current golf season, on April 1, 2021, the general ledger of the In the Marigold Golf Shop Limited showed Cash $4,080, Inventory $19.110: Common Shares $11.760; and Retained Earnings $11,430. The In the Marigold Golf Shop uses a perpetual inventory system and experiences a return rate of 2% on sales. The following transactions occurred in April: Apr. 3 Purchased golf bags, clubs, and balls on account from Balata Corp. for $3,136, terms 1/10, n/30. FOB shipping point. 5 Freight of $283 was paid by the appropriate party on the April 3 purchase from Balata. 7 Sold merchandise on account to members for $9.600, terms n/30. The cost of the merchandise sold was $5,600 9 Received a $310 credit from Balata for returned merchandise 11 Paid Balata in full. 14 Received payments on account from members, 54,067 16 Purchased golf shoes, sweaters, and other accessories on account from Arrow Sportswear Limited for $1.270 terms 2/10, n/30. 17 Derenda 500 credit from Arrow Sportswear focratumar merchandize 14C Partly Ocuity ING US