Problem 5-04A a-c (Part Level Submission) Pronghorn Hagen, a former disc golf star, operates Pronghorn's Discorama. At the beginning of the current season on April 1, the ledger of Pronghorn's Discorama showed Cash $1,900, Inventory $2,500, and Owner's Capital $4,400. The following transactions were completed during April. Apr. 5 Purchased golf discs, bags, and other inventory on account from Mumford Co. $1,150, FOB shipping point, terms 2/10, n/60. 7 Paid freight on the Mumford purchase $50. 9 Received credit from Mumford Co. for merchandise returned $200. 10 Sold merchandise on account for $830, terms n/30. The merchandise sold had a cost of $498. 12 Purchased disc golf shirts and other accessories on account from Saucer Sportswear $670, terms 1/10, n/30. 14 Paid Mumford Co. in full, less discount. 17 Received credit from Saucer Sportswear for merchandise returned $70. 20 Made sales on account for $540, terms n/30. The cost of the merchandise sold was $300. 21 Paid Saucer Sportswear in full, less discount. 27 Granted an allowance to customers for clothing that was flawed $20. 30 Received payments on account from customers $900. The chart of accounts for the store includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 201 Accounts Payable, No. 301 Owner's Capital, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, and No. 505 Cost of Goods Sold. Date Debit Credit Account Titles and Explanation Inventory Apr. 5 1150 Accounts Payable 1150 Apr. 7 inventory 50 Cash 50 Apr. 9 Accounts Payable 200 Inventory 200 Apr. 10 Accounts Receivable 830 830 Sales Revenue (To record credit sale.) Cost of Goods Sold > Apr. 10 498 498 Inventory (To record cost of merchandise sold.) > Apr. 12 Inventory 670 > Accounts Payable >HT 670 Apr. 14 Accounts Payable 950 Cash 931 Inventory 19 Apr. 17 Accounts Payable 70 Inventory 70 > Apr. 20 Accounts Receivable 540 540 Sales Revenue (To record credit sale.) Cost of Goods Sold Apr. 20 300 PO > 300 Inventory (To record cost of merchandise sold.) Apr. 21 Accounts Payable 600 H Cash 594 Inventory 6 Apr. 27 Sales Returns and Allowances 20 Accounts Receivable 20 Apr. 30 Cash 900 Accounts Receivable 900 Enter the beginning balances in the ledger accounts and post the April transact Date No. 101 Balance Cash Explanation Ref. Balance Debit Credit Apr. 1 x Apr. 7 J1 50 Apr. 14 31 931 981 x Apr. 21 31 594 15751 x Apr. 30 J1 900 675 Accounts Receivable Explanation Ref. Debit No. 112 Balance Date Credit x Apr. 10 ~ J1 830 x Apr. 20 ~ 31 540 x Apr. 27 31 20 X Apr. 30 V J1 900 130 No. 120 Inventory Explanation Ref. Debit Date Credit Balance Apr. 1 Balance 2500 Apr. 5 J1 1150 SF Apr. 7 J1 50 Apr. 9 J1 200 > Apr. 10 J1 498 DO Dil Apr. 12 J1 670 > Apr. 14 7 J1 19 Apr. 17 J1 70 Apr. 20 J1 300 Apr. 21 J1 6 Accounts Payable Explanation Ref. Debit No. 201 Balance Date Credit Apr. 5 Ji 1150 Apr. 9 V J1 200 X Apr. 12 J1 670 X Apr. 14 J1 950 Apr. 17 J1 70 Apr. 21 J1 600 No. 301 Balance Date Credit > Apr. 1 Owner's Capital Explanation Ref. Debit Balance Sales Revenue Explanation Ref. Debit 4400 No. 401 Date Credit Balance Apr. 10 J1 830 Apr. 20 J1 540 No. 412 Sales Returns and Allowances Explanation Ref. Debit Date Credit Balance Apr. 27 J1 20 20 Cost of Goods Sold Explanation Ref. Debit No. 505 Balance Date Credit Apr. 10 J1 498 Apr. 20 J1 300 Click if you would like to Show Work for this question: Open Show Work