T RESOURCES INAL EXAM 02 SASA missen 1:01 Brobert Problem SA-SA-C (Part Level Submission) Owner's Capital 14,300. The following transactions were completed during April Adam Nichols former disc golf star, operates Swifty Discorama. At the beginning of the current season on April 1. the edge of Swity Discorama showed ca 12.100, Inventory 12,200, and Apr. 5 Purchased godis, bags, and other inventory on account from Rayford C. 11,500, FOB shipping point terms 2/10, 1/60 7 Paid freight on the Rayford chase $50 9 Received credit from Rayford Co. For merchandise returned $100 10 Sold merchandise on account for $800, terms 30. The merchandise sold had a cost of $550 12 Purchased disc golf shirts and other accessories on account from Galaxy Sportswear $650, farms 1/10, 1/30 14 Paid Rayford Co. in full less count 17 Received credit from Galaxy Sportswear for merchandise returned $50. 20 Made sales on account for os, forms 30. The cost of the merchandise sold was $400 21 Paid Galaxy Sportswear in full lens sont 27 Granted an allowance to customers for clothing that was flawed $20 30 Received payments on account from customers 5800 The chart of accounts for the store includes the following: No. 101 Cash, No 112 Accounts Receivable. No 120 inventory. No. 201 Accounts Payable. No, Jet Owners Capital, No. 40t Sales Revenue, No. 412 Sales Retums) Allowances, No. 510 Purchases, No 512 Purchase Returns and Alone No. 514 Purchase actions, and No. 516 Freight-th 212 sults by Study () Journaite the pretractions using a periode inventory wstem (Credit recounts are automatically wanted when the amount is entered. Do not intent manay. If we entry required selecta entry for the accounts and enter for the amounts) Date Account Titles and Explanation Det Credit Apr. 5 Inventory 1500 Accounts Payable 1500 Apr. 7 Inventory 50 Cash 50 Apr. 9 Accounts Payable I 100 Inventory 100 Apr. 10 Accounts Receivable 800 Sales Revenue 800 Apr. 10 v Cost of Goods Sold 550 Inventory 550 Apr. 12 Inventory 650 Accounts Payable 650 > 8,105 JUN O 17 a stv NA