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Please help me figure out how to do a partial income statement At the beginning of the current season on April 1, the records of
Please help me figure out how to do a partial income statement
At the beginning of the current season on April 1, the records of Whispering Winds Pro Shop showed Cash $3,070, Inventory $3,500, and Common Stock $6,570. The following transactions occurred during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Carla Vista Co. $1,800. 9 Received credit from Carla Vista Co. for merchandise returned $400. 10 Sold merchandise on account to members $1,230. The merchandise sold had a cost of $750. 12 Purchased golf shoes, sweaters, and other accessories on account from Sandhill Sportswear \$1,070. 14 Paid Carla Vista Co. in full. 17 Received credit from Sandhill Sportswear for merchandise returned $70. 20 Made sales on account to members $890. The cost of merchandise sold was $550. 21 Paid Sandhill Sportswear in full. 30 Received payments on account from members $1,270. (a) &(b) Your answer is partially correctStep by Step Solution
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