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. 5 7 Purchased golf discs, bags, and other inventory on account from Arnie Co. $1,000, FOB shipping point, terms 2/10, n/60. Paid freight on the Arnie purchase $60. 9 Received credit from Arnie Co. for merchandise returned $200. 10 10 12 Sold merchandise on account for $800, terms n/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, n/30. 14 Paid Arnie Co. in full, less discount. 17 Received credit from Woods Sportswear for merchandise returned $70. 20 21 22 27 Made sales on account to members for $620, terms n/30. The cost of the merchandise sold was $350. Paid Woods Sportswear in full, less discount. Granted an allowance to members for clothing that did not fit $20. 30 Received payments on account from members $870. 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. Journalize 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 O for the amounts. Record Journal entries in the order presented in the problem.) ate Account Titles and Explanation Inventory Accounts Payable Inventory Cash Debit 1000 60 Accounts Payable 200 Inventory 10 Accounts Receivable 800 Sales Revenue (To record credit sale.) 10 Cost of Goods Sold Inventory (To record cost of merchandise sold) Inventory Accounts Payable 14 Accounts Payable Inventory cash 480 570 800 Credit 1000 60 200 800 570 16 784 17 Accounts Payable 70 Inventory 70 10 Accounts Receivable 620 Sales Revenue 620 Question 1 of 1 17 V Accounts Payable 70 20 Inventory Accounts Receivable Sales Revenue (To record credit sale.) 20 Cost of Goods Sold Inventory (To record cost of merchandise sold.) 21 V Accounts Payable Inventory Cash Sales Returns and Allowances Accounts Receivable 10 Cash Accounts Receivable eTextbook and Media List of Accounts 620 350 500 20 870 16.67/50 70 620 350 495 20 870 Attempts: 2 of used Enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries presented in the previous part.) No. Cash Date Explanation Ref. Debit Credit Balance Balance 31 31 31 31 Explanation Ref. Debit Credit Balance Accounts Receivable Date > > 01 31 " 31 31 No Inventory No Date Explanation Ref. Debit Credit Balance Balance > 31 31 31 = 31 31 31 No Explanation Ref. Debit Credit Balance Inventory Date Balance Accounts Payable Date 31 31 31 31 31 31 31 31 31 No. Explanation Ref. Debit Credit Balance 31 31 31 31 31 31 Common Stock No Date Explanation Ref. Debit Credit Balance Balance Sales Revenue No Date Explanation Ref. Debit Credit Balance Question 1 of 1 31 31 31 31 16.67 / 50 E III Common Stock No Date Explanation Ref. Debit Credit Balance Balance Sales Revenue No. Date Explanation Ref. Debit Credit Balance 01 31 Sales Returns and Allowances No Date Explanation Ref. Debit Credit Balance 31 Cost of Goods Sold No Date Explanation Ref. Debit Credit Balance 31 eTextbook and Media List of Accounts 31