Question 9 of 9\

(-)/(10)

\ At the beginning of the current season on April 1, the ledger of Marigold's Discorama showed Cash

$1.900

, Imventory

$2.500

, and Owner's Capital $4,400. The following transactions were completed during April 2022\ Apr. 5 Purchased golf discs, bags, and other inventory on account from Mumford Ca.

$1,050

, FOB shipping point, terms

(2)/(10)

,

(n)/(60)

.\ 7 Paid freight on the Mumford purchase

$60

.\ 9 Received credit from Mumford

Ca

. for merchandise returned

$200

.\ 10 Sold merchandise on account for

$930

, terms

(n)/(30)

. The merchandise sold had a cost of

$558

.\ 12 Purchased disc golf shirts and other accessories on account from Saucer

$

portswear

$560

, terms

(1)/(10),(n)/(30)

.\ 14 Paid Mumford

Ca

in full, less discount.\ 17 Received credit from Saucer

$

portswear for merchandise returned

$60

.\ 20 Made sales on account for

$680

, terms

(n)/(30)

. The cost of the merchandise sold was

$350

.\ 21 Paid Saucer Sportswear in flall less discount.\ 27 Granted an allowance to customers for clothing that did not fit

$10

.\ 30 Received payments on account from customers

$860

.\ The chart of accounts for the store includes the following: Na. 101 Cash, No. 112 Accounts Receivable, No. 120 irventory. Na. 201 Accounts Payble, Na. 301 Owner's Capital, No. 401 Sales Revenue, Na. 412 Sales Returns and Allowances, and Na. 505 Cost of Goods Sold.\ (a)\ Journalize the Aprill transactions using a perpetual inventory system. (Lbt all debit entries before credit entries: Credit account filles are automatically indented when amount is entered. Do not indent mancullk. Record joumal entries in the order prosented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts).

At the beginning of the current season on April 1, the ledger of Marigold's Discorama showed Cash $1.900, Imventory $2.500, and Owner's Capital \$4,400. The following transactions were completed during April 2022 Apr. 5 Purchased golf discs, bags, and other inventory on account from Mumford Ca. $1,050, FOB shipping point, terms 2/10, n/60. 7 Paid freight on the Mumford purchase $60. 9 Received credit from Mumford Co, for merchandise returned $200. 10 Sold merchandise on account for $930, terms n/30. The merchandise sold had a cost of $558. 12 Purchased disc golf shirts and other accessories on account from Saucer Sportswear $560, terms 1/10, n/30. 14 Paid Mumford C a in full, less discount. 17 Received credit from Saucer Sportswear for merchandise returned $60. 20 Made sales on account for $680, terms n/30. The cost of the merchandise sold was $350. 21 Paid Saucer Sportswear in flat. less discount. 27 Granted an allowance to customers for clothing that did not fit $10. 30 Received payments on account from customers $860. The chart of accounts for the store inchudes the following. Na. 101 Cash, Na. 112 Accounts Receivable, No. 120 irventory. Na. 201 Accounts Payable, Na. 301 Owner's Capital, No. 401 Sales Revenue, Na. 412 Sales Returns and Allowances, and Na. 505 Cost of Goods sold. (a) Journalize the Aprill tracisactions using a perpetual inventory system. (Lits all debit entries before credit entries Credit account bleles are outomatically indented when amount is entered. Do not indent manuallk: Record journal entries in the order prosented in the problem. If no entry is required, select "No Entry" for the account eitles and enter O for the amounts.) At the beginning of the current season on April 1, the ledger of Marigold's Discorama showed Cash $1.900, Imventory $2.500, and Owner's Capital \$4,400. The following transactions were completed during April 2022 Apr. 5 Purchased golf discs, bags, and other inventory on account from Mumford Ca. $1,050, FOB shipping point, terms 2/10, n/60. 7 Paid freight on the Mumford purchase $60. 9 Received credit from Mumford Co, for merchandise returned $200. 10 Sold merchandise on account for $930, terms n/30. The merchandise sold had a cost of $558. 12 Purchased disc golf shirts and other accessories on account from Saucer Sportswear $560, terms 1/10, n/30. 14 Paid Mumford C a in full, less discount. 17 Received credit from Saucer Sportswear for merchandise returned $60. 20 Made sales on account for $680, terms n/30. The cost of the merchandise sold was $350. 21 Paid Saucer Sportswear in flat. less discount. 27 Granted an allowance to customers for clothing that did not fit $10. 30 Received payments on account from customers $860. The chart of accounts for the store inchudes the following. Na. 101 Cash, Na. 112 Accounts Receivable, No. 120 irventory. Na. 201 Accounts Payable, Na. 301 Owner's Capital, No. 401 Sales Revenue, Na. 412 Sales Returns and Allowances, and Na. 505 Cost of Goods sold. (a) Journalize the Aprill tracisactions using a perpetual inventory system. (Lits all debit entries before credit entries Credit account bleles are outomatically indented when amount is entered. Do not indent manuallk: Record journal entries in the order prosented in the problem. If no entry is required, select "No Entry" for the account eitles and enter O for the amounts.)