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beginning of the current season on April 1 the ledger of Ayayai's Discorama owed cash $2000, inventory $2500 and owners capital $4500. The following transactions
beginning of the current season on April 1 the ledger of Ayayai's Discorama owed cash $2000, inventory $2500 and owners capital $4500. The following transactions were completed during April 2022. At the beginning of the current season on April 1, the ledger of Ayayai's Discorama showed Cash $2,000, Inventory $2,500, and Owner's Capital \$4.500. The following transactions were completed during April 2022. Apr. 5 Purchased golf discs, bags, and other inventory on account from Mumford Co. $1,000, FOB shipping point, terms 2/10, n/60. 7 Paid freight on the Mumford purchase $40. 9 Received credit from Mumford Co, for merchandise returned $200. 10 Sold merchandise on account for $880, terms n/30. The merchandise sold had a cost of $528. 12 Purchased disc golf shirts and other accessories on account from Saucer Sportswear $570, terms 1/10,n/30. 14 Paid Mumford Co, in full, less discount. 17 Received credit from Saucer Sportswear for merchandise returned $70. 20 Made sales on account for $550, terms n/30. The cost of the merchandise sold was $400. 21 Paid Saucer Sportswear in full, less discount. 27 Granted an allowance to customers for clothing that did not fit $40. 30 Received payments on account from customers $890. Prepare a trial balance on April 30, 2022. (Do not list those occounts thot hove zero ending balance)
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