the begin- ost, and prepare ce. P5-4A Adam Nichols, a former disc golf star ning of the during April. rent season on April 1, the ledger of Adam's Discorama showed Cash $1,800 pi00d Common Stock $4,300. The following transactions were completed a former disc golf star, operates Adam's Discorama. At the season nased golf discs, bags, and other inventory on account from Rayford Co $1,200, FOB shipping point, terms 2/10 n/60. 7 Paid freight on the Rayford purchase $50. Received credit from Rayford Co. for merchandise returned $100. a cost of $540. 10 Sold merchandise on account for $900, terms n/30. The merchandise sold had ds o lfshist counm from Calaty 14 17 20 Sportswear $670, terms 1/10, n/30. Paid Rayford Co. in full, less discount. Received credit from Galaxy Sportswear for merchandise returned $70. Made sal was $370. Paid Galaxy Sportswear in full, less discount. Granted an allowance to customers for clothing that was flawed $20. Received payments on account from customers $900. es on account for $610, terms n/30. The cost of the merchandise sold 21 27 30 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. 311 Common Stock, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, and No. 505 Cost of Goods Sold. Instructions (a) Journalize the April transactions using a perpetual inventory system. (b) Enter the beginning balances in the ledger accounts and post the April transactions. (Use J1 for the journal reference.) (c) Prepare a trial balance on April 30, 2015