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Problem 5-4A (Part Level Submission) Adam Nichols, a former disc golf star, operates Adam's Discorama. At the beginning of the current season on April 1,

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Problem 5-4A (Part Level Submission) Adam Nichols, a former disc golf star, operates Adam's Discorama. At the beginning of the current season on April 1, the ledger of Adam's Discorama showed Cash 1,900, Inventory $2,300, and Common Stock $4,200. The following transactions were completed during April. Apr. 5 Purchased golf discs, bags, and other inventory on account from Rayford Co. $1,100, FOB shipping point, terms 2/10, n/60 7 Paid freight on the Rayford purchase $60. 9 Received credit from Rayford Co. for merchandise returned $100. 10 Sold merchandise on account for $840, terms n/30. The merchandise sold had a cost of $504 12 Purchased disc golf shirts and other accessories on account from Galaxy Sportswear $550, terms 1/10, n/30 14 Paid Rayford Co. in full, less discount. 17 Received credit from Galaxy Sportswear for merchandise returned $70 20 Made sales on account for $560, terms n/30. The cost of the merchandise sold was $360. 21 Paid Galaxy Sportswear in full, less discount. 27 Granted an allowance to customers for clothing that was flawed $20. 30 Received payments on account from customers $930 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. 311 Common Stock, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, and No. 505 Cost of Goods Sold Your answer is partially correct. Try again. Prepare a trial balance on April 30, 2015. (Round answers to 0 decimal places, e.g. 125.) ADAM'S DISCORAMA Trial Balance April 30, 2015 Debit Credit 1315 ash 951 Invento 4200 ommon Stoc Accounts Payable ccounts Receivable 400 Sales Revenu Cost of Goods Sold 64 5600 5600

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