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fill in empty blanks At the beginning of the current season on April 1, the ledger of Sandhill Pro Shop showed Cash $2,980; Inventory $3,500;
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At the beginning of the current season on April 1, the ledger of Sandhill Pro Shop showed Cash $2,980; Inventory $3,500; and Common Stock $6,480. The following transactions were completed during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,200, terms 2/10,n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $600. 10 Sold merchandise on account to members $1,360, terms n/30. The merchandise sold had a cost of $920. 12. Purchased golf shoes, sweaters, and other accessories on account from Woods $ portswear $1,050, terms 2/10,n/30. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $50. 20 Made sales on account to members $820, 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 $80. 30 Received payments on acrount frommembers $1,170. Journalize the April transactions using a perpetual imentory system. (If no entry is required, select "No Entry" for the occount tities and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem.) (To record cost of goods sold) (To record credit sale) Cost of Goods Sold 550 Inventory (To record cost of goods sold) Apr. 21= Accounts Payable inventory Apr. 20 Accounts Receivable 820 Sales Revenue (To record credit sale) Cost of Goods Sold 550 Inventory (To record cost of goods sold) Apr. 21 Accounts Recelvable 1170 Accounts Receivable eTextbook and Media Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the of joumal entries posted in part a. For accounts that have a zero balance select " 4/30Bal." from the list and enter O for the amount.) Accounts Payable Sales Revenue Sales Returns and Allowances \begin{tabular}{|l|l|} \hline & Cost of \\ \hline 4/10 & 920 \\ \hline \end{tabular} eTextbook and Media List of Accounts Attempts: SANDHILLPROSHOP TrialBalance eTextbook and Media Step by Step Solution
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