FILL IN PART B

At the beginning of the current season on April 1, the ledger of Whispering Winds Corp. Shop showed Cash $1,900, Inventory $2,200, and Common Stock $4,100. The following transactions were completed during April 2022. Apr. 5 Purchased golf discs, bags, and other inventory on account from Arnie Co. $1,200, FOB shipping point, terms 2/10, n/60. 7 9 10 12 14 Paid freight on the Arnie purchase $60. Received credit from Arnie Co.for merchandise returned $100. Sold merchandise on account for $830, terms n/30. The merchandise sold had a cost of $498. Purchased disc golf shirts and other accessories on account from Woods Sportswear $640, terms 1/10, n/30. Paid Arnie Co. in full, less discount. Received credit from Woods Sportswear for merchandise returned $40. Made sales on account to members for $590, terms n/30. The cost of the merchandise sold was $400. Paid Woods Sportswear in full, less discount. Granted an allowance to members for clothing that did not fit $40. Received payments on account from members $950. 17 20 21 27 30 The chart of accounts for the store includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 201 Accounts Payable, No. 311 Common Stock, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, and No. 505 Cost of Goods Sold. Journalize the April transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Apr. 5 Inventory 1200 Accounts Payable 1200 Apr. 7 Inventory 60 Cash 60 Apr. 9 Accounts Payable 100 Inventory 100 Apr. 10 Accounts Receivable 830 Sales Revenue 830 (To record credit sale.) Apr. 10 Cost of Goods Sold 498 Inventory 498 (To record cost of merchandise sold.) Apr. 12 Inventory 640 Accounts Payable 640 Apr. 14 Accounts Payable 1100 Cash 1078 Inventory 22 Apr. 17 Accounts Payable 40 Inventory 40 Apr. 20 Accounts Receivable 590 Sales Revenue 590 (To record credit sale.) Apr. 20 Cost of Goods Sold 400 Inventory 400 (To record cost of merchandise sold.) Apr. 21 Accounts Payable 600 Cash 594 Inventory 6 Apr. 27 Sales Returns and Allowances 40 Accounts Receivable 40 Apr. 30 Cash 950 Accounts Receivable 950 (b) Enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries presented in the previous part.) No. 101 Cash Debit Date Explanation Ref. Credit Balance Balance J1 J1