Show Attempt History Current Attempt in Progress At the beginning of the current golf season, on April 1, 2021, the general ledger of the In the Marigold Golf Shop Limited showed Cash $4,080; Inventory $19,110; Common Shares $11,760; and Retained Earnings $11.430. The In the Marigold Golf Shop uses a perpetual inventory system and experiences a return rate of 2% on sales. The following transactions occurred in April: Apr. 3. Purchased golf bags, clubs, and balls on account from Balata Corp. for $3.136, terms 1/10, n/30, FOB shipping point. 22C Sunny 1080 5 Freight of $283 was paid by the appropriate party on the April 3 purchase from Balata. 7 Sold merchandise on account to members for $9,600, terms n/30. The cost of the merchandise sold was $5,600. 9 Received a $310 credit from Balata for returned merchandise. 11 Paid Balata in full. acer a ENG US