At the beginning of the current golf season, on April 1, 2021, the general ledger of the In the Flounder Golf Shop Limited showed Cash $3,920; Inventory $18,330; Common Shares $11,280; and Retained Earnings $10,970. The In the Flounder 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 $3,008, herms 1/10,n/30,FOB shipping point. 5 Freight of $271 was paid by the appropriate party on the April 3 purchase from Balata. 7 Sold merchandise on account to members for $9,200, terms n/30. The cost of the merchandise sold was $5,400. 9 Received a $298 credit from Balata for returned merchandise. 11 Paid Balata in full. 14 Received payments on account from members, $3,901. Sold merchandise on account to members for $9,200, terms n/30. The cost of the merchandise sold was $5,400. 9 Received a $298 credit from Balata for returned merchandise. 11 Paid Balata in full. 14 Received payments on account from members, $3,901. 16 Purchased golf shoes, sweaters, and other accessories on account from Arrow Sportswear Limited for \$1,210, terms 2/10,n/30 17 Received a $94 credit from Arrow Sportswear for returned merchandise. 20 Sold merchandise on account to members for $10,300, terms n/30. The cost of the merchandise sold was $5,700. 24 Paid Arrow Sportswear in full