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At the beginning of the current season on April 1, the ledger of Monty Corp. Shop showed Cash $1,900, Inventory $2,300, and Common Stock $4,200.

At the beginning of the current season on April 1, the ledger of Monty Corp. Shop showed Cash $1,900, Inventory $2,300, and Common Stock $4,200. The following transactions were completed during April 2022. Apr 15 7 10 S Purchased golf discs, bags, and other inventory on account from Amie Co. $1,150, FOB shipping point, terms 2/10. n/60. Paid freight on the Amie purchase $40. Received credit from Arnie Co. for merchandise returned $200. Sold merchandise on account for $960, terms n/30. The merchandise sold had a cost of $576. Purchased disc golf shirts and other accessories on account from Woods Sportswear $550, terms 1/10, n/30 Paid Annie Co. in full, less discount. Received credit from Woods Sportswear for merchandise returned $50. Made sales on account to members for $700. terms n/30. The cost of the merchandise sold was $300. Paid Woods Sportswear in full, less discount. Granted an allowance to members for clothing that did not fit $30. Received payments on account from members $980. The chart of accounts for the store includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory No. 201 Accounts Payable, No. 311 Common Stock, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, and No. 505 Cost of Goods Sold.
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At the bepinnirg of the curcent season on April 1, the ledwer of Monty Corp. Shop showed Cash $1,900 imventory $2,300, and Common 5 tock \$4.200. The following transactions were completed dering Aaril 2022. Apc. Purchased goif discs, bags, and other imventary on account from Amie Co. $1,150, FOB shipping point, 5 teirs 2/10,n/60. 7 Paidfreight on the Amiepurchise 540. 9 Received creent from Arnie Co. for merchandise returned 5200. 10 Sold merchandiue en arcoint for $940 terms /30 The merchandien sold had a cost of 5576. 12 Aurchased disc golf thirts and other accossories on acrount from Wools Spontswoar \$SS0, tems 1/10. non. 14 Dalit Armin Co in fullitess discount. 17 Rechived credit trom Woods Sportswear for merchundive retumed $50. 20 Madesales on account to members for $7700, temen/30. The cott of the inerchandise sold was $300. 21 Paid Woodi Soortcuear in full, lest discount. 27 Cranted anallowance to mernbers for clothing that did not fit 530 . 30 Received purmants on account from rnembers 5980. The chart of accounts for the store includes the following: No, 101 Cash No, 112 Accounts Receivable, No. 120 \begin{tabular}{|c|c|c|c|} \hline her & & onet & \\ \hlinex & & 10 & \\ \hlinen & (110 & \begin{tabular}{|l|} 16 \\ \end{tabular} & 0 \\ \hlinen & \begin{tabular}{|c|} -40 \\ \end{tabular} & \begin{tabular}{|l|} 0 \\ \end{tabular} & 0 \\ \hline n & a & & \\ \hline n & & & \\ \hline " & \begin{tabular}{|l|} \\ \end{tabular} & 10 & \\ \hline n. & & & 0 \\ \hline n & & & \\ \hline & \begin{tabular}{|l|l} & 10 \end{tabular} & & \\ \hline u & & & 0 \\ \hline & & & \\ \hline & & & natunce \\ \hline & 5 & & \\ \hline & & 10 & \\ \hline & 0 & & \\ \hline & & & 4 \\ \hline & & & \\ \hline & & 14 & 4 \\ \hline \end{tabular}

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