isprit ifu mowu ipart) At the beginning of the current tennis season, on April 1. 2024, Pronghorn Tennis Shop's inventory consisted of 50 tennis racquets at a cost of $60 each. Pronghom uses a perpetual irventory system and the eamings approach. The following trangactions ocourred in Aoril: Apr. 2 Purchased 160 additional racquets from Roberts ink for $9,600, terms n/30. 4 Determined that twe of the racquetspurchased on April2 were damaged and returned them to Roberts inc Roberts ine. credited Pronghorn's account. 5 Sold 45 rakquets to Tennis Dome for $110 each terms n/30 6 Tennis Dome returned 15 of the racquets after detemminine it had purchased more racouets than it needed: Pronghorn gave Tennis Dome acredit on its account and returned the facquets to imventory. 10 Sold 40 rakquets at $110 each to cash customere. 12. Ten of these racquets were returned for cmh. The customen ciaimed they never play tennis and had no idea how they had been talked into purchasing the racquets. Refunded cank to these customers and returaed the racquets to inventory 17. An additional 10 of the racouets sold on April 10 were returned because the racquets were damaged. The customers Wre refunded carh and the racquets were sent to a bocat recycler. 25. Sod 60 racquets to the fummer Club for 5110 each terms 130 29. Summer Club returned25 of the racquets atter the tennis pro had examined them and determined that these ractuets were of inferior quaity Promghorn gave summer Club acredit and decided to return the racquets to inventomy with plans to sell them far the reduced price of $75 each isprit ifu mowu ipart) At the beginning of the current tennis season, on April 1. 2024, Pronghorn Tennis Shop's inventory consisted of 50 tennis racquets at a cost of $60 each. Pronghom uses a perpetual irventory system and the eamings approach. The following trangactions ocourred in Aoril: Apr. 2 Purchased 160 additional racquets from Roberts ink for $9,600, terms n/30. 4 Determined that twe of the racquetspurchased on April2 were damaged and returned them to Roberts inc Roberts ine. credited Pronghorn's account. 5 Sold 45 rakquets to Tennis Dome for $110 each terms n/30 6 Tennis Dome returned 15 of the racquets after detemminine it had purchased more racouets than it needed: Pronghorn gave Tennis Dome acredit on its account and returned the facquets to imventory. 10 Sold 40 rakquets at $110 each to cash customere. 12. Ten of these racquets were returned for cmh. The customen ciaimed they never play tennis and had no idea how they had been talked into purchasing the racquets. Refunded cank to these customers and returaed the racquets to inventory 17. An additional 10 of the racouets sold on April 10 were returned because the racquets were damaged. The customers Wre refunded carh and the racquets were sent to a bocat recycler. 25. Sod 60 racquets to the fummer Club for 5110 each terms 130 29. Summer Club returned25 of the racquets atter the tennis pro had examined them and determined that these ractuets were of inferior quaity Promghorn gave summer Club acredit and decided to return the racquets to inventomy with plans to sell them far the reduced price of $75 each
