Problem 5-03A At the beginning of the current season on April 1, the lediger of Wildhorse Pro Shop showed Cash $3.490: Inventory $3,500; and Common Stock $6.950. The following transactions were completed during April 2022. Apr 5 Purchased golf bags, dubs, and balls on account from Amie Co $1,700, terms 2/10, 1/60 7 Paid freight on Amie purchase $30. 9 Received credit from Amie Co. for merchandise returned $400 10 Sold merchandise on account to members $1,430, terms n/20. The merchandise sold had a cost of $700. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $780, terms 1/10, 1/30 14 Paid Aria Co. inful 17 Received credit from Woods Sportswear for merchandise returned $80 20 Made sales on account to members $850, torms/30. The cost of the merchandise sold was $550. 21 Paid Woods Sportswear in ful. 27 Granted an allowance to members for clothing that did not fit properly sas. 30 Received payments on account from members $1,370. Joumalize the April transactions using a perpetual inventory system. (If no entry is required, select "No Entry for the account titles and enter 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.) Date Account Titles and Explanation Debit Credit Apr 5 Inventory 1700 Accounts Payable 1700 Apr. 7 Inventory 80 Cash BO Apr. 9 Accounts Payable 600 Inventory 400 Apr. 10 Accounts Receivable 14:30 1430 Sales Revenue (Te record credit sala) Cost of Goods Sold 790 700 Inventory To record cost of goods sold) Apr. 12 Inventory 780 Accounts Payable 780 Apr. 14 Accounts Payable 1300 Inventory 39 Cash 1261 Apr. 17 Accounts Payable 80 Inventory 80 Apr. 20 Accounts Receivable 850 850 Sales Revenue (To record credit sale) Cost of Goods Sold 550 550 Inventory (To record cost of goods sold) Apr. 21 Accounts Payable 700 Inventory 16 Cash 684 Apr. 27 Purchase Returns and Allowances 85 Cash 85 Apr. 30 Cash 1370 Accounts Receivable 1370 Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions (Post entries in the order of journal entries posted in parts. For accounts that have a zero balance select *9/20 Bal." from the list and enter for the amount.) Cash > > > Accounts Receivable > >> Inventory > > > > > > Accounts Payable Common Stock Sales Revenue Sales Returns and Allowances Cost of Goods Sold Prepare a trial balance on April 30, 2022. (Do not list those accounts that have zero ending balance.) WILDHORSE PRO SHOP Trial Balance Debit Credit Prepare an income statement through gross profit for the month of April 2022. WILDHORSE PRO SHOP Income Statement (Partial) $