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At the beginning of the current season on April 1, the ledger of Larkspur, Inc. Shop showed Cash $1,900, Inventory $2,400, and Common Stock $4,300.

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At the beginning of the current season on April 1, the ledger of Larkspur, Inc. Shop showed Cash $1,900, Inventory $2,400, and Common Stock $4,300. The following transactions were completed during April 2022 Apr.s 7 9 10 12 14 Purchased golf discs, bags, and other inventory on account from Arnie Co. $1,000, FOB shipping point, terms 2/10, 1/60. Paid freight on the Arnie purchase $60. Received credit from Arnie Co. for merchandise returned $200 Sold merchandise on account for $800, terms /30. The merchandise sold had a cost of $480 Purchased disc golf shirts and other accessories on account from Woods Sportswear $570, terms 1/10,1/30. Paid Arnic Co. in full, less discount Received credit from Woods Sportswear for merchandise returned $70 Made sales on account to members for $620, terms r/30. The cost of the merchandise sold was $350. Pald Woods Sportswear in full, less discount Granted an allowance to members for clothing that did not fit $20. Received payments on account from members $870. 17 20 21 27 30 The chart of accounts for the store includes the following: No. 101 Cash, No. 112 Accounts Receivable, No 120 Inventory, No. 201 Accounts Payable, No. 311 Common Stock, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, and No. 505 Cost of Goods Sold Your answer is partially correct Journalire the April transactions using a perpetual inventory system (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation 1000 Inventory 106 Accounts Payable 60 Inventory Cash Accounts Payable 200 Inventory 30 Accounts Receivable Sales Revenge O TO DO! || A DOUA (To record credit sale) v t. 12 570 Inventory Accounts Payable (To record cost of merchandise sold) ll Accounts Payable 800 Inventory 17 Accounts Payable lettory Accounts Receivable 620 Sabado 14 Accounts Payable Inventory Accountable Inventory Account Rective 82 Sales Revenue 6217 Accounts Payable Inventory To record credit sale) dddddd! II DIODONITO In 27 Sales Returned Allow Accounts Receivable ay so v (To record cost of merchandise sold) Accounts Receive

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