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need to enter the beginning balances in the summary and reford the April transactiosn using a perpetual inventory system. include margin explanations for the changes
need to enter the beginning balances in the summary and reford the April transactiosn using a perpetual inventory system. include margin explanations for the changes in revenues and expenses
At the beginning of the current season on April 1, the records of Ayxyai Pro Shop showed Cash $2.950, inventory $3.500, and Common Stock \$6,450. The following transactions occurred during April 2027. Apr. 5 Purchased golf bags, clubs, and balls on account from Sardhill Co,$2.500. 9 Received credit from 5 andhili Co, for merchandise returned $700. 10 Sold merchandise an account to members $1.340. The merchandise sold had a cost of $920. 12 Purchased gol shoes, sweaters, and other accessories on account from Wildhorse Sportswear $1.050. 14 Paid 5 andhill Co in full. 17 Received credit from Widhorse $portswear for merchandise returned $50. 20 Made sales on account to members $910. The cost of merchiandise sold was $550, 21 Paid Widhorse Sportswear in full 30 Received payinents on account from members $2,400 Step by Step Solution
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