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estion 2 20 out of 32 point J. Li, a former professional tennis star, operates Li's Tennis Shop at the Yellow River Resort. Li's
estion 2 20 out of 32 point J. Li, a former professional tennis star, operates Li's Tennis Shop at the Yellow River Resort. Li's Tennis Shop using a perpetual inventory system At the beginning of the current season, the ledger of Li's Tennis Shop showed Cash $2,800, Accounts Receivable $3,100, Merchandise Inventory $2,200, Accounts Payable $3,900 and Share Capital-Ordinary $4,200 The following transactions were completed during April. April 4 Purchased racquets and balls from a new supplier, Wellman Co., $2000, FOB shipping point, terms 4/10, n/30. April 6 Paid freight on purchase from Wellman Co. $80. **do not input comma "", dollar sign "S" for numerical figures, for five thousand dollars, just input 5000, otherwise, no marks will be awarded At the beginning of April 7: The balance of the Merchandise Inventory account $ [A]. The balance of Cash account is $[B] The balance of the Accounts Payable account $ [C] April 10 Received credit of $100 from Wellman Co. for a racquet that was returned. April 14 Paid Wellman Co. in full. At the beginning of April 15:1 The balance of the Merchandise Inventory account $ [D] The balance of Cash account is $[E] The balance of the Accounts Payable account $ [F]. April 16 Half of the goods purchased from Wellman Co was sold for cash $2800. At the beginning of April 17:1 The balance of the Merchandise Inventory account $ (G)
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