s Kimmel, Accounting, 7e Help System Announcements Problem 5-03A At the beginning of the current season on April 1, the ledger of Ivanhoe Pro Shop showed Cash $3,000; Inventory $3,500; and Common Stock $6,500. The following transactions were completed during April 2022. Apr. 5 7 9 10 12 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,200, terms 3/10, n/60. Paid freight on Arnie purchase $80. Received credit from Arnie Co. for merchandise returned $600. Sold merchandise on account to members $1,480, terms n/30. The merchandise sold had a cost of $880. Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $980, terms 2/10, n/30. Paid Arnie Co. in full. Received credit from Woods Sportswear for merchandise returned $80. Made sales on account to members $830, terms n/30. The cost of the merchandise sold was $550. Paid Woods Sportswear in full. Granted an allowance to members for clothing that did not fit properly $75. Received payments on account from members $1,150. 14 17 20 21 27 30 Journalize the April transactions using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter o 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.) ENTEROURCES Using accounts, enter the beginning balances in the yer accounts and post the transactions (Past entries in the order journal entries posted in part. For account that have a zero balance select/30 Brom the stand enter for the amou) /v 30000 30 w30 1150021 v 4150621 Accounts Receivable 1430 75 8.30 > > > 1150 v 2310 2310 Inventory 3500 4/30 BV 880 2200 552 > > > > > > > > > > 3180 Common Stock > > v Sales Returns and Allowances Cost of Goods Sold > > Start a search O ab