At the beginning of the current season on April 1, the records of Sheffield Pro Shop showed Cash $3,070, Inventory $3,500, and Common Stock $6,570. The following transactions occurred during April 2022.

Apr. 5		Purchased golf bags, clubs, and balls on account from Sheridan Co. $2,600.
9		Received credit from Sheridan Co. for merchandise returned $300.
10		Sold merchandise on account to members $1,440. The merchandise sold had a cost of $810.
12		Purchased golf shoes, sweaters, and other accessories on account from Sunland Sportswear $970.
14		Paid Sheridan Co. in full.
17		Received credit from Sunland Sportswear for merchandise returned $70.
20		Made sales on account to members $850. The cost of merchandise sold was $550.
21		Paid Sunland Sportswear in full.
30		Received payments on account from members $1,470.

Enter the beginning balances in the summary and record the April transactions using a perpetual inventory system. In margin explanations for the changes in revenues and expenses. (Enter negative amounts using either a negative sign prece number e.g.-45 or parentheses e.g. (45).) Assets Cash Accts. Rec. Iny. Apr. 1 $ $ 5 5 9 10 12 14 17 20 21 30 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).) Liabilities Stockholders' Equity Retained Earnings Exp. Accts. Pay. Common Stock + Rev. $ $ $ $