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At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $3,005; Inventory $4,005; and Common Stock $7,010.
At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $3,005; Inventory $4,005; and Common Stock \$7,010. The following transactions occurred during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,515, terms 4/10, n/60. 7 Paid freight on Arnie Co, purchases $81. 9 Received credit from Arnie Co. for merchandise returned $215. 10 Sold merchandise on account to members $1,353, terms n/30. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $838, terms 2/10,n/30. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $38. 20 Made sales on account to members $818, terms n/30. 21 Paid Woods Sportswear in full. 27 Granted credit to members for clothing that did not fit properly $81. 30 Received payments on account from members $1,232. Journalize the April transactions using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account tities are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Attempts: 0 of 3 used
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