Journalize the transactions for the month of June for Powell warenuuse, uma porpora vemory system. Journalise, po balance and GLS P5.3A (LO 2, 3, 4), AP At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $2,500, Inventory $3,500, and Common Stock $6,000. The following transactions were completed during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,500, terms 3/10. n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $200. 10 Sold merchandise on account to members $1.340, terms n/30. The merchandise sold had a cost of $820. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sports wear $830, terms 1/10, n/30. 14 Paid Arnie Co. in full. PTER 5 Merchandising Operations and the Multiple-Step Income Statement 17 20 21 27 30 Received credit from Woods Sportswear for merchandise returned $30. Made sales on account to members $810, terms n/30. The cost of the merchandise sold was $550. Paid Woods Sportswear in full. Granted an allowance to members for clothing that did not fit properly $80. Received payments on account from members $1,220. The chart of accounts for the pro shop includes Cash, Accounts Receivable, Inventory. Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, and Cost of Goods Sold. Instructions a. Journalize the April transactions using a perpetual inventory system. b. Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. c. Prepare a trial balance on April 30, 2022. d. Prepare an income statement through gross profit for the month of April 2022. nce $8,150 $ 700 Nements and ratios P5,4A (LO 4,6), AP Writing Wolford Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attract A... N ambar an 13 thaen