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From apri 1st to april 30th also the income statement CALCULATOR PRINTER VERSION 1 BACK NEXT Problem 6-2 At the beginning of the current season

From apri 1st to april 30th also the income statement

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CALCULATOR PRINTER VERSION 1 BACK NEXT Problem 6-2 At the beginning of the current season on April 1, the records of Riverbed Pro Shop showed Cash $2,760, Inventory $3,500, and Common Stock $6,260. The following transactions occurred during April 2017. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,600. 9 Received credit from Arnie Co. for merchandise returned $600. 10 Sold merchandise on account to members $1,210. The merchandise sold had a cost of $750. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $960. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $60. 20 Made sales on account to members $900. The cost of merchandise sold was $550. 21 Paid Woods Sportswear in full. 30 Received payments on account from members $1,170. Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, and Cost of Goods Sold. Enter the beginning balances in the summary. Assets Liabilities + Stockholders' Equity Retained Earnings Cash + Accts. Rec. + Inv. = Accts. Pay. + Common Stock + Rev. Exp. Bal. Apr. 1 2760 3500 6260 $ $ $ $ $

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