b.)

Enter the beginning balances in ledger accounts, and post the April transactions.

c.)Prepare a trial balance on April 30, 2017.

d.)Prepare an income statement through gross profit for the month of April, 2017.

*Problem 5-3A (Part Level Submission) At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $3,360; Inventory $3,500; and Common Stock $6,860. The following transactions were completed during April 2017. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,500, terms 3/10, n/60. 7 Paid freight on Arnie purchase s80. 9 Received credit from Arnie Co. for merchandise retuned $700 10 Sold merchandise on account to members $1,420, terms n/30. The merchandise sold had a cost of $770 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,060, terms 2/10, n/30 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $60 20 Made sales on account to members820, terms n/30. The cost of the merchandise sold was $550. 21 Paid Woods Sportswear in full. 27 Granted an allowance to members for clothing that did not fit properly $70 30 Received payments on account from members $1,370. Jourmalize the April transactions using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titics and cnter 0 for the amounts. Credit account titics are automatically Indented when amount Is entered. Do not Indent manually Record Journal entries in the order presented In the problem. Round answers to O declmal places, e.g. 5,275.) Date Account Titles and Explanation Debit (To record credit sale)