Send to Gradebook C Prev Net Question8 At the beginning of the current season on April 1, the records of Sarasota Pro Shop showed Cash $2,990, Inventory $3,500, and Common Stock $6490 The following transactions occurred during April 2017 Apr.5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,100. 9 Received credit from Arnie Co for merchandise returned $500 10 Sold merchandise on account to members $1,380. The merchandise sold had a cost of $890 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,0s0 14 Paid Anie Co. in full. 17 Recelved credit from Woods Sportswear for merchandise returned $50 20 Made sales on account to members $860. The cost of merchandise sold was $550 21 Pald Woods Sportswear in full. 30 Recelved payments on account from members $1,290 Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventor,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 E Cash Accts. Rec. Inv. Accts. Pay. +Common Stock Rev. Bal 9 Recelved credit from Amie Ca for merchandise returned $500. 10 Sold merchandise on account to members $1.380.The merchandise sold had a cost of $890 12 Purchased golif shoes sweaters, and other accessories on account from Woods Sportswear $1050 14 Paid Arnie Co in full 17 Received credit from Woods Sportswear for merchandise returned $50 20 Made sales on account to members $860. The cost of merchandise sold was $550. 21 Paid Woods Sportswear in full. 30 Received payments on account from members $1,290 Sales Revenue, Sales Returns and Allowances, and Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable, Common Stock Cost of Goods Sold. Enter the beginning balances in the summary Assets Rev Accts. Rec.+ Accts. Pay. Common Stock Bal Apr 1 $ eTextbook and Media List of Accounts MacBook Air 8 9 Apr 5 Purchased golf bags, clubs, and bals on account from Arnie Co $2.100 9 Received credit from Armie Co. for merchandise returned $500 10 Sold merchandise on account to members $1,380. The merchandise sold had a cost of $890 12 Purchased golf shoes, aters. andother accessories on account frem woods Sportswear$1,050 17 Received credit from Woods Sportswear for merchandise returned $50 20 Made sales on account to members $860. The cost of merchandise sold was $550 21 Paid Woods Sportswear in fu 30 Received payments on account from members $1,290 Prepare a tabular summary that includes the following accounts: Cash, Accounts Recelvable, Inventory, Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, and Cost of Goods Sold. Enter the beginning balances in the summary Assets Liablities Stockholders' Equity Retained Earnings Accts Accts. Pay. Common Stock Rev. Exp. eTextbook and Media List of Accounts MacBook Ai sign preceding the number es. -45 or parentheses ea (45)J Record the April transactions using a perpetual inventory system (Enter negative amounts uning elther a negotive Liabilities Assets Common Stock Rev Accts.Pay. Accts R 10 12 14 17 20 21 30 eTextbook and Media Record the April transactions using a perpetual inventory system (Enter negative amounts using elther a negative sign preceding the number es.-45 or parentheses eg. (454 Equity Uabilities Retained Earnings Exp. Rev Accts. Pay Common Stock eTextbook and Media eTextbook and Media List of Accounts Prepare an income statement through gross profit for the month of April 2017 SARASOTA PRO SHOP Income Statement (Partial) eTextbook and Media List of Accounts Send to
