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At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $ 3,010; Inventory $ 4,010; and
At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $ 3,010; Inventory $ 4,010; and Common Stock $ 7.020. The following transactions occurred during April 2017. Purchased golf bags, clubs, and balls on account from Arnie Co. $ 1,530, terms 4/10, n/60. Apr. 5 7 9 10 12 14 17 20 21 27 30 Paid freight on Arnie Co. purchases $ 82. Received credit from Arnie Co. for merchandise returned $ 230. Sold merchandise on account to members $ 1,367, terms n/30. Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $ 847, terms 2/10, n/30. Paid Arnie Co. in full. Received credit from Woods Sportswear for merchandise returned $ 47. Made sales on account to members $ 826, terms n/30. Paid Woods Sportswear in full. Granted credit to members for clothing that did not fit properly $ 82. Received payments on account from members
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