At the beginning of the current tennis season, on April 1, 2021, the general ledger of Grand Slam Tennis Shop Ltd. showed Cash $16,400; Inventory $16,200; Common Shares $20,000; and Retained Earnings $12,600. Grand Slam Tennis Shop uses a perpetual inventory system and experiences a return rate of 5% on sales.

The following transactions occurred in April:

Apr.	2	Purchased racquets and balls from Roberts Inc. for $5,800, terms 2/10, n/30, FOB shipping point.
	3	The appropriate party paid $160 freight on the purchase from Roberts on April 2.
	5	Received credit of $100 from Roberts for a damaged racquet that was returned.
	9	Purchased supplies for $1,130 cash from Discount Supplies Limited.
	11	Paid Roberts in full.
	13	Purchased tennis shoes from Niki Sports Ltd. for $1,560 cash, FOB shipping point.
	16	The appropriate party paid $115 freight on the purchase from Niki on April 13.
	18	Received a $110 cash refund from Niki Sports for damaged merchandise that was returned.
	20	Sold merchandise to members for $11,000 on account, terms n/30. The cost of the merchandise was $6,600.
	21	Some of the merchandise purchased on April 20, with a sales price of $400 and a cost of $240, was returned by members. It was restored to inventory.
	23	Purchased equipment for use in the business from DomCo Ltd. for $11,700, terms n/45.
	25	Sold merchandise to members for $9,800, terms n/30. The cost of the merchandise was $5,880.
	27	Received cash payments on account from members, $9,800.

Instruction

1. Find out total debits (or credits) and fill in the Blank 1 (Use comma separator for thousand dollar e.g. , 1,000; 10,000; 100,000 etc.). You also need to complete the following and upload in the Homework folder in the Assignment tab

2. Record the April transactions. Round all calculations to the nearest dollar.

3. Set up T accounts, enter the opening balances, and post the transactions.

4. Prepare a trial balance as at April 30.