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At the beginning of the current season on April 1, the ledger of Sunland Pro Shop showed Cash $2.940: Inventory $3,500, and Common Stock $6,440.

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At the beginning of the current season on April 1, the ledger of Sunland Pro Shop showed Cash $2.940: Inventory $3,500, and Common Stock $6,440. The following transactions were completed during April 2022. Apr.5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2.000 terms 2/10, 1/60 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co.for merchandise returned $600. 10 Sold merchandise on account to members 51.390 terms 1/30. The merchandise sold had a cost of $750. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,070, terms 1/10, 1/30 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $70. 20 Made sales on account to members $930, terms 1/30. 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 $75. 30 Received payments on account from members $1.280. Journalize the April transactions using a perpetual inventory system. Of no entry is required, select "No Entry for the account titles and enter for the amounts Credit account there outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation Type here to search TOSHIBA 40 CE (To record credit sale) (To record cost of goods sold) (To record credit sale) a O R9 e Type here to search TOSHIBA AS 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. For accounts that have a zero balance select "4/30 Bal." from the list and enter for the amount.) Cash Accounts Receivable Inventory Type here to search TOSHIBA V 05 Accounts Payable Common Stock Sales Revenue Sales Returns and Allowances Type here to search 9 TOSHIBA Cost of Goods Sold e Textbook and Media List of Accounts Prepare a trial balance on April 30, 2022. (Do not list those accounts that have zero ending balance.) SUNLAND PRO SHOP Trial Balance Debit Credit Type here to search TOSHIBA eTextbook and Media List of Accounts Prepare an income statement through gross profit for the month of April 2022 SUNLAND PRO SHOP Income Statement (Partial) Type here to search TOSHIBA

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