At the beginning of the current season, the ledger of Highland Tennis Shop showed Cash $2,500; Inventory $1,700; and Common Stock $4,200. The following transactions were completed during April.

Apr. 4 Purchased racquets and balls from Harris Co. $980, terms 2/10, n/30.

6 Paid freight on Harris Co. purchase $60.

8 Sold merchandise to members $750, terms n/30.

10 Received credit of $130 from Harris Co. for damaged racquets that were returned.

11 Purchased tennis shoes from Happy Feet for cash $300.

13 Paid Harris Co. in full.

14 Purchased tennis shirts and shorts from Rivera Sportswear $1,300, terms 3/10, n/60.

15 Received cash refund of $50 from Happy Feet for damaged merchandise that was returned.

17 Paid freight on Rivera Sportswear purchase $60.

18 Sold merchandise to members $660, terms n/30.

20 Received $500 in cash from members in settlement of their accounts.

21 Paid Rivera Sportswear in full.

27 Granted an allowance of $30 to members for tennis clothing that did not fit properly.

30 Received cash payments on account from members $550.

Required:

a)Prepare Cash flow statement (12 points)

Journalize the transactions using