Problem 5-9A At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $2,500; Inventory $3,500; and Common Stock $6,000. The following transactions occurred during April 2017.

Apr.

5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,500, terms 3/10, n/60.

7 Paid freight on Arnie Co. purchases $80.

9 Received credit from Arnie Co. for merchandise returned $200.

10 Sold merchandise on account to members $1,340, terms n/30.

12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $830, terms 1/10, n/30.

14 Paid Arnie Co. in full.

17 Received credit from Woods Sportswear for merchandise returned $30.

20 Made sales on account to members $810, terms n/30.

21 Paid Woods Sportswear in full.

27 Granted credit to members for clothing that did not fit properly $80.

30 Received payments on account from members $1,220.

a) Journalize the April transactions using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 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. Round answers to 0 decimal places, e.g. 5,275.)

b) 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 part a. Round answers to 0 decimal places, e.g. 5,275. For accounts that have a zero balance select "4/30 Bal." from the list and enter 0 for the amount.)

c) Prepare a trial balance on April 30, 2017. (Do not list those accounts that have zero ending balance.)

d) Prepare an income statement through gross profit, assuming inventory on hand at April 30 is $4,263. For this part please fill in all blanks, please!!

GRANITE HILLS PRO SHOP Trial Balance x April 30, 2017 Debit Credit Cash 1587 $ Accounts Receivable 850 Inventory 3500 Sales Returns and Allowances 80 Common Stock 6000 Sales Revenue 2150 LOOOOOOO OOOO LUUUU Cost of Goods Sold 1370 8150 8150 Sales Sales Revenue 2150 Less I. Sales Returns and Allowances 80 Net Sales 2070 Cost of Goods Sold x x X ill ill X