At the beginning of the current season on April 1, the records of Concord Pro Shop showed Cash $2,660, Inventory $3,500, and Common Stock \$6,160. The following transactions occurred during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Oriole Co. $1,700. 9 Received credit from Oriole Co. for merchandise returned $600. 10 Sold merchandise on account to members $1,410. The merchandise sold had a cost of $780. 12 Purchased golf shoes, sweaters, and other accessories on account from Pharoah Sportswear $870. 14 Paid Oriole Co. in full. 17 Received credit from Pharoah Sportswear for merchandise returned $70. 20 Made sales on account to members $810. The cost of merchandise sold was $550. 21 Paid Pharoah Sportswear in full. 30 Received payments on account from members $1,380. Enter the beginning balances in the summary and record the April transactions using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Enter the beginning balances in the summary and record the April transactions using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Enter the beginning balances in the summary and record the April transactions using a perpetual inventory system. Include margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).)