Problem 1. At the beginning of the current season on April 1, the ledger of Gage Pro Shop showed Cash $3,000, Inventory $4,000, and Owner's Capital $7,000. These transactions occurred during April 2017. Instructions: Journalize April transactions using a periodic inventory system (1.5 points) Apr. 5 Purchased golf bags, clubs, and balls on account from Tiger Co. $1,200, FOB shipping point, terms 2/10, n/60. Apr. 7 Paid freight on Tiger Co. purchases $50. Apr. 9 Received credit from Tiger Co. for merchandise returned $100. Apr. 10 Sold merchandise on account to customers $600, terms n/30. Apr. 12 Purchased golf shoes, sweaters, and other accessories on account from Classic Sportswear $450, terms 1/10, n/30. Apr. 14 Paid Tiger Co. in full. Apr. 17 Received credit from Classic Sportswear for merchandise returned $50. Apr. 20 Made sales on account to customers $600, terms n/30. General Journal Account Name Debit Credit