At the beginning of the current season on April 1, the ledger of Sheridan Pro Shop showed Cash $3,410, Inventory $3,500, and Common Stock $6,910. The following transactions were completed during April 2025. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,600, terms 4/10. n/60. 7 Paid freight on Arnie-purchase $80. 9 Received credit from Arnie Co. for merchandise returned $500. 10 Sold merchandise on account to members $1,320, terms n/30. The merchandise sold had a cost of $730. 12 14 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $860, terms 2/10, n/30 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $60. 20 Made sales on account to members $960, terms n/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 $90. 30 Received payments on account from members $1.240.