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At the beginning of the current season on April 1, the ledger of Bios5om Pro Shop showed Cash $3,240, inventory $3,500, and Common 5 tock
At the beginning of the current season on April 1, the ledger of Bios5om Pro Shop showed Cash $3,240, inventory $3,500, and Common 5 tock $6,740, The following transactions were completed during April202S. Apr. 5 : Purchased golf bags, clubs, and balls on account from Arnie Co, $1,800, terms 4/10, n/60, 7 Pald freight on Amie purchase $90. 9. Rreceived credit from Arnie Co, for merchandise returned $400, 10 Sold merchandise on account to members $1,320, terms /30. The merchandise sold had a cost of $810. 12. Purchased golf shoes, sweaters, and other accessories on account from Woods 5portswear \$1,050, terms 1/10, n/30, 14 Paid Arnie Co in full. 17. Received credit from Woods $portswear for merchandise returned $50 20 Made sales on account to members $900, terms n30. The cost of the merchandle sold was $5$0. 21 Paid Woods Sportswear in full 27 Granted an allowance to members for elothing that did not fit properly 385 : 30. Recewed payments on account from members 51.210 . Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of joumol entries presented in the previous part. For accounts that have a zero balance, select "4/30 Bal." from drop down and enter O for the amounts on the normal balance side. Sales Returns and Allowances Cost of Goods Sold
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