P5-4B At the beginning of the current tennis season, on April 1,2018, the general ledger of Grand Slam Tennis Shop showed cash $16,400; inventory $16,200 ; common shares $20,000; and Retained Earning $12,600. Grand slam tennis shop uses a perpetual inventory system.

The following transactions occurred in April.

Apr. 2 Purchase racquets and balls from Roberts Inc. For $5,800, terms 2/10, n/30, FOB shipping point.

3 The appropriate party paid $160 freight on the purchase from Roberts on April 2.

5 Received credit of $100 from Roberts for a damaged racquet that was returned.

9 Purchase supplies for $1,130 cash from Discount Supplies Limited.

11 Paid Roberts in full.

13 Purchased tennis shoes from Niki Sports Ltd. For $1,560 cash, FOB shipping point.

16 The appropriate party paid $115 freight on the purchase from Niki on April 13.

18 Received a $110 cash refund from Niki Sports for damaged merchandise that was returned .

20 Sold merchandise to members for $11,100 on account, terms n/30. The cost of the Merchandise was $6,660.

21 Some of the merchandise purchase on April 20, with a sales price of $1,000 and a cost of $600, was returned by members. It was restored to inventory.

23 Purchased equipment for use in the business from domco Ltd. For $11,700, terms n/45.

25 Sold merchandise to members for $9,800, terms n/30. The cost of the merchandise was $5,880.

27 Received cash payments on account from members, $9,800.

28 Granted a $150 sales allowance on account to a member for slightly torn tennis clothing. No merchandise was returned.

Instructions:

(a)Record the April transcations round your all calculations to the nearest dollar

(b)Set up T accounts enter the opening balances and ost the transitions recorded in part (a)

(c)Prepare a trial balance as at April 30