Question 1: Assume Granite Hills Pro Shop uses a perpetual inventory system. The following transactions were completed during April 2017. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,500. 7 Returned \$200 merchandise to Arnie Co. 9 Paid Arnie Co. (credit terms: 3/10, n/60) 10 Made sales on account to member B $800. The cost of the merchandise sold was $400. 12 Received $200 return of merchandise from member B. The cost of the merchandise returned was $100. 15 Received payments from member B (credit terms: 1/10,n/30 ) Instructions: Journalize the April transactions. Question 2: Great Plains Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. Nov. 1 Loaned $75,000 cash to B. Benson on a 1-year, 8% note. Dec. 11 Sold goods to Roswell, Inc., receiving a $9,000,90-day, 7% note. (Omit cost of goods sold entries.) 16 Received a $20,000,6-month, 9% note to settle an open account from M. Ling. 31 Accrued interest revenue on all notes receivable. Instructions: Journalize the transactions for Great Plains Supply Co