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please complete this accounting question for me, also including mathematucal steps would be the best, i will upvote for clear and correct answer! J. Li,
please complete this accounting question for me, also including mathematucal steps would be the best, i will upvote for clear and correct answer!
J. Li, a former professional tennis star, operates Li's Tennis Shop at the Yellow River Resort. Lirs Tennis Shop using a perpetual inventory system At the beginning of the current season, the ledger of Li's Tennis Shop showed Cash $2,800, Accounts Receivable $3,100, Merchandise Inventory $2,200, Accounts Payable $3,900 and Share Capital-Ordinary $4,200 The following transactions were completed during April. April 4 Purchased racquets and balls from a new supplier,Wellman Co., $2000, FOB shipping point, terms 4/10, n/30. April 6 Paid freight on purchase from Wellman Co. $80. **do not input comma ",", dollar sign " $ " for numerical figures, for five thousand dollars, just input 5000, otherwise, no marks will be awarded! At the beginning of April 7: The balance of the Merchandise Inventory account \$ The balance of Cash account is s The balance of the Accounts Payable account $ April 10 Received credit of $100 from Weliman Co. for a racquet that was returned. April 14 Paid Wellman Co, in full. At the beginning of April 15: The balance of the Merchandise Inventory account \$ The balance of Cash account is $ The balance of the Accounts Payable account \$ April 16 Half of the goods purchased from Wellman Co was sold for cash $2800. At the beginning of April 17: The balance of the Merchandise Inventory account \$ The balance of Cash account is $ Step by Step Solution
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