At the beginning of the current season on April 1, the ledger of Sandhill Pro Shop showed Cash $2,950; Inventory $3,500; and Common Stock $3,450. The following transactions were completed during April 2022 Apr 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,500, terms 2/10,1/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $700. 10 Sold merchandise on account to members $1,340, terms n/30, The merchandise sold had a cost of $920, 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1.050 terms 2/10, 1/30 14 Pald Arnie Co. in full 17 Received credit from Woods Sportswear for merchandise returned $50 20 Made sales on account to members $910, terms /30. The cost of the merchandise sold was $550 21 Paid Woods Sportswear in full. 27 Granted an allowance to members for clothing that did not fit properly 570 30 Recelved payments on account from members $1.400, Cash 80 2660 4/7 4 784 4/30 1100 4/14 792 4/21 2104 Accounts Receivable 70 1460 4/27 4/10 1100 960 4/30 4/20 1250 Inventory 600 4/9 3500 780 4/10 1400