Problem 2: At the beginning of the current season, the ledger of Colorado Tennis Shop showed Cash $2,500; Merchandise Inventory $1,700; and Common Stock $4,200. The following transactions were completed during April. 4 Purchased racquets and balls from Helton Co. $980, terms 2/10, n/30. 6 Paid freight on Helton Co. purchase $60. 8 10 11 13 14 Sold merchandise to members $900, terms n/30. Cost of goods sold is $200. Received credit of $130 from Helton Co. for damaged racquets that were returned. Purchased tennis shoes from No Fault for cash $300. Paid Helton Co. in full. Purchased tennis shirts and shorts from Renfro Sportswear $900, terms 3/10, n/60. 15 Received cash refund of $50 from No Fault for damaged merchandise that was returned 17 Paid freight on Renfro Sportswear purchase $30 18 Sold merchandise to members $660, terms n/30. Cost of goods sold is $150. Received $500 in cash from members in settlement of their accounts 20 21 27 Paid Renfro Sportswear in full. Granted an allowance of $30 to members for tennis clothing that did not fit properly 30 Received cash payments on account from members $350. Journalize the April transactions using a perpetual inventory system.