At the beginning of the current season on April 1, the ledger of Flint Hills Pro Shop showed Cash $2,810; Inventory $3,500; and Common Stock $6,310. The following transactions were completed during April 2014.

Apr. 5		Purchased golf bags, clubs, and balls on account from Akers Co. $1,900, terms 3/10, n/60.
7		Paid freight on Akers purchase $80.
9		Received credit from Akers Co. for merchandise returned $400.
10		Sold merchandise on account to members $1,430, terms n/30. The merchandise sold had a cost of $740.
12		Purchased golf shoes, sweaters, and other accessories on account from Palmer Sportswear $860, terms 2/10, n/30.
14		Paid Akers Co. in full.
17		Received credit from Palmer Sportswear for merchandise returned $60.
20		Made sales on account to members $900, terms n/30. The cost of the merchandise sold was $550.
21		Paid Palmer Sportswear in full.
27		Granted an allowance to members for clothing that did not fit properly $80.
30		Received payments on account from members $1,300.

1) Journalize the April transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

2) Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries posted in part a.)

3) Prepare a trial balance on April 30, 2014.

4) Prepare an income statement through gross profit for the month of April 2014.

List of Accounts for All Questions-

Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Administrative Expenses Advertising Expense Buildings Cash Common Stock Cost of Goods Sold Depreciation Expense Dividends Equipment Freight-in Freight-out Gain on Disposal of Plant Assets Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Revenue Inventory Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Mortgage Payable No Entry Notes Payable Prepaid Insurance Purchase Discounts Purchase Returns and Allowances Purchases Rent Expense Rent Revenue Research and Development Expense Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Supplies Expense Utilities Expense