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plz help At the beginning of the current season on April 1, the ledger of Sunland Pro Shop showed Cash $3,035: Inventory $4,035; and Common
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At the beginning of the current season on April 1, the ledger of Sunland Pro Shop showed Cash $3,035: Inventory $4,035; and Common Stock $7,070. The following transactions occurred during April 2022 Apr. 5 7 9 10 12 14 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,605, terms 3/10,n/60. Paid freight on Arnie Co. purchases $86. Received credit from Arnie Co.for merchandise returned $305. Sold merchandise on account to members $1,434, terms n/30. Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $888, terms 1/10,n/30. Paid Arnie Co. in full Received credit from Woods Sportswear for merchandise returned $88. Made sales on account to members $867.terms n/30. Paid Woods Sportswear in full. Granted credit to members for clothing that did not fit properly $86. Received payments on account from members $1,305 17 20 21 27 30 Journalize the April transactions using a periodic inventory system. (If no entry is required, select "No Entry for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, c.8. 5.275.) Date Account Tities and explanation Debit Credit 1 Using Taccounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of journal entries posted in part a. Round answers to 0 decimal places, e.3. 5,275. For accounts that have a zero balance select *4/30 Bal." from the list and enter for the amount.) Cash Accounts Receivable . Inventory Step by Step Solution
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