***please see attached

Adam Nichols, a former disc golf star, operates Adam?s Discorama. At the beginning of the current season on April 1, the ledger of Adam?s Discorama showed Cash $2,000.00, Inventory $2,400.00, and Owner?s Capital $4,400.00. The following transactions were completed during April.

Apr. 5	Purchased golf discs, bags, and other inventory on account from Rayford Co. $1,200.00, FOB shipping point, terms 2/10, n/60.
7	Paid freight on the Rayford purchase $40.00.
9	Received credit from Rayford Co. for merchandise returned $100.00.
10	Sold merchandise on account for $890.00, terms n/30. The merchandise sold had a cost of $534.00.
12	Purchased disc golf shirts and other accessories on account from Galaxy Sportswear $630.00, terms 1/10, n/30.
14	Paid Rayford Co. in full, less discount.
17	Received credit from Galaxy Sportswear for merchandise returned $70.00.
20	Made sales on account for $580.00, terms n/30. The cost of the merchandise sold was $400.00.
21	Paid Galaxy Sportswear in full, less discount.
27	Granted an allowance to customers for clothing that was flawed$40.00.
30	Received payments on account from customers $870.00.

Adam Nichols, a former disc golf star, operates Adam's Discorama. At the beginning of the current season on April 1, the ledger of Adam's Discorama showed Cash $2,000.00, Inventory $2,400.00, and Owner's Capital $4,400.00. The following transactions were completed during April. Apr. 5 7 9 10 12 14 17 20 21 27 30 Purchased golf discs, bags, and other inventory on account from Rayford Co. $1,200.00, FOB shipping point, terms 2/10, n/60. Paid freight on the Rayford purchase $40.00. Received credit from Rayford Co. for merchandise returned $100.00. Sold merchandise on account for $890.00, terms n/30. The merchandise sold had a cost of $534.00. Purchased disc golf shirts and other accessories on account from Galaxy Sportswear $630.00, terms 1/10, n/30. Paid Rayford Co. in full, less discount. Received credit from Galaxy Sportswear for merchandise returned $70.00. Made sales on account for $580.00, terms n/30. The cost of the merchandise sold was $400.00. Paid Galaxy Sportswear in full, less discount. Granted an allowance to customers for clothing that was flawed$40.00. Received payments on account from customers $870.00. Journalize the April transactions using a perpetual inventory system. (Record entries in the order displayed in the problem statement. Round answers to 2 decimal places, e.g. 125.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation (To record credit sale.) (To record cost of merchandise sold.) Debit Credit (To record credit sale.) (To record cost of merchandise sold.) Enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries presented in the previous question. Round answers to 2 decimal places, e.g. 125.25.) Cash Date No. 101 Explanatio n Balance Re f J1 J1 J1 Debit Credit Balance J1 Accounts Receivable Date Explanatio n No. 112 Re f Debit Credit Balance J1 J1 J1 J1 Inventory Date No. 120 Explanatio n Balance Re f J1 J1 J1 J1 J1 J1 J1 J1 J1 Debit Credit Balance Accounts Payable Date Explanatio n No. 201 Re f Debit Credit Balance J1 J1 J1 J1 J1 J1 Owner's Capital Date Explanatio n Balance No. 301 Re f Debit Credit Sales Revenue Date Balance No. 401 Explanatio n Re f Debit Credit Balance J1 J1 Sales Returns and Allowances Date Explanatio n No. 412 Re f Debit Credit Balance J1 Cost of Goods Sold Date Explanatio n No. 505 Re f J1 J1 Debit Credit Balance Prepare a trial balance on April 30, 2014. (Round answers to 2 decimal places, e.g. 125.25.) ADAM'S DISCORAMA Trial Balance April 30, 2014 Debit Credit $ $ $ $