At the beginning of the current season, the ledger of Village Tennis Shop showed Cash $2, 500; Merchandise Inventory $1, 700; and Angie Wilbert, Capital $4, 200. The following transactions were completed during April. Purchased racquets and balls from Denton Co.$740, terms 3/10, n/30. Paid freight on Denton Co purchase $60. Sold merchandise to members $900, terms n/30. Received credit of $40 from Denton Co. for a racquet that was returned. Purchased tennis shoes from Newbee Sports for cash $300. Paid Denton Co. in full. Purchased tennis shirts and shorts from Venus's Sportswear $600, terms 2/10, n/60. Received cash refund of $50 from Newbee Sports for damaged merchandise that was returned. Paid freight on Venus's Sportswear purchase $30. Sold merchandise to members $1,000, terms n/30. Received $500 in cash from members in settlement of their accounts. Paid Venus's Sportswear in full. Granted an allowance of $30 to members for tennis clothing that did not fit properly. Received cash payments on account from members $500