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please help me create a t bal sheet! thanks At the beginning of the current golf season, on April 1, 2021, the general ledger of
please help me create a t bal sheet! thanks
At the beginning of the current golf season, on April 1, 2021, the general ledger of the In the Sarasota Golf Shop Limited showed Cas $4,640; Inventory $21,840; Common Shares $13,440; and Retained Earnings $13,040. The In the Sarasota Golf Shop uses a perpeti inventory system and experiences a return rate of 2% on sales. The following transactions occurred in April: Apr. 3 Purchased golf bags, clubs, and balls on account from Balata Corp. for $3,584, terms 1/10, n/30, FOB shipping point. 5 Freight of $325 was paid by the appropriate party on the April 3 purchase from Balata. 7 Sold merchandise on account to members for $11,000, terms n/30. The cost of the merchandise sold was $6,300. 9 Received a $352 credit from Balata for returned merchandise. 11 Paid Balata in full. 14 Received payments on account from members, $4,648. 16 Purchased golf shoes, sweaters, and other accessories on account from Arrow Sportswear Limited for $1,480, terms 2/10,n/30. 17 Received a $112 credit from Arrow Sportswear for returned merchandise. 20 Sold merchandise on account to members for $12,100, terms n/30. The cost of the merchandise sold was $6,600. 24 Paid Arrow Sportswear in full. INTHESARASOTA GOLF SHOP LIMLED Trial BalanceStep by Step Solution
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