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Problem - At the beginning of the current semion on April 1, the records of Sarasota Pro Shop showed can 2.00, inventory 39.500, and Common

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Problem - At the beginning of the current semion on April 1, the records of Sarasota Pro Shop showed can 2.00, inventory 39.500, and Common stock 4, 490. The following transactions occurred during April 2017 Apr. 5 Purchased golf bags, clubs, and balls on account from Amie Co $2,100 9 Received credit from Arnie Co. for merchandise retumed $500 10 Sold merchandise on account to members $1,380. The merchandise sold had a cost of us 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,050 14 Paid Amie Co in full 17 Received credit from Woods Sportswear for merchandise returned 550. 20 Made sales on account to members 1860. The cost of merchandise sold was $550. 21 Paid Woods Sportswear in full 30 Received payments on account from members $1,200. Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock Sales Revenue, Sales Returns and Allowances, and cost of Goods Sold. Enter the beginning balances in the summary Assets Liabilities Stockholders' Equity Retained Earnings Accts. Rec. Accts. Pay. Exp. Cash Inv. + Common Stock + Rev. Bal. Apr. 1 SHOW LIST OF ACCOUNTS LINE TO TEXT LINK TO TEXT

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