P5-4A Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the begin- ningr of the current season on April 1, the ledger of Yolanda's Discorama showed Cash S1.50o. Inventory $2,500, and Owner's Capital $4,300. The following transactions were completed during April. Apr 5 Purchased golf discs, bags, and other inventory on account from Mumford Co. $ 1,200, FOB shipping point, terms 2/10, n/60 Paid freight on the Mumford purchase $50 Received credit from Mumford Co. for merchandise returned $100 Sold merchandise on account for $900, terms n/30. The merchandise sold had a cost of $540. Purchased dise golf shirts and other accessories on account from Saucer Sportswear $670, terms 1/10, n/30. Paid Mumford Co. in full, less discount. Received credit from Saucer Sportswear for merchandise returned $70. Made sales on account for $610, terms n/30. The cost of the merchandise sold was $370 Paid Saucer Sportswear in full, less discount. 7 9 10 12 14 17 20 21 27 Granted an allowance to customers for clothing that was flawed $20. 30 Received payments on account from customers $900