prepare income statement through gross profit assuming inventory on hand at april 30 th 4263

View Policies Show Attempt History Current Attempt in Pragress At the beginning of the current season on April 1. the ledger of Granite Hills Pro Shop showed Cash $2,500: Inventory $3.500 and Common Stock $6.000. The following transactions occurred during April 2022 Apr. 5 7 Purchased golf bags, clubs and balls an account from Arnic Co. $1.500, terms 3/10, 1/60 Paid freight on Arnie Co purchases $80. Receved credit from Amie Co. for merchandise returned 5200 9 10 Sold merchandise on account to members 51.340, terms 30 12 Purchased golf shoes sweaters, and other costories on account from Woods Sportswear $830 terms 1/100/30 14 Paid Amie Can full 17 Received credit from Woods Sportswear for merchandise returned 530 20 Made sales on account to member $810. tem 30 21 27 Pald Woods Sportswear inful Granted credit to members for clothing that did not fit property 500 Received payments ont from members 51220 30 Current Attempt in Progress At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $2,500; Inventory 53.500; and Common Stock $6.000. The following transactions occurred during April 2022 Apr. 5 7 Purchased golf bags, clubs and balls on account from Arnie Co $1.500, terms 3/10,n/60. Pald freight on Arnie Co purchases $80. Received credit from Arnie Co for merchandise returned 5200 9 10 Sold merchandise on account to members $1.340 terms 1/30. 12 Purchased golf shoes, sweaters and other accessories on account from Woods Sportswear $830, terms 1/10, 1/30 Paid Amie Co Infuil Received credit from Woods Sportswear for merchandise returned $30 Made sales on account to members 5810 te 30 17 20 21 27 Pald Woods Sportswear in full Granted credit to members to clothing that did not fit property 50 Received payment contro 51370 30