The following accounts balances are available at December, 31, 2022: Cash \$30,000, Supplies \$2,000, Equipment \( \$ 4,000 \) (10 years), Account Receivable \$2,000, Account Payable \( \$ 5,000 \), Shares Capital \$30,000, and Retained earnings \( \$ 3,000 \), transactions were completed in CAPEL Co, during 2022 1. \( 6 / 01 / 2022 \) paid rent for two years 60005 2. 1/02/2022 purchased van to use in business for 150005 cash, 10 years' useful life. 3.5/22022Purchasod inventory on account from Innovate Co. \( \$ 121,200 \), FOB shipping point, terms 2/10, n/60. Freight cost of \( \$ 500 \) was paid by the appropriate party. 2. 20/02/2022 Received credit from Innovate \( \mathrm{Co} \), for merchandise returned \( \$ 2200 \). 3. 10/04/2022 Sold merchandise on account to Global Co. for \( \$ 29000 \), terms \( 1 / 10 \), n/90. FOB shipping point The merchandise sold had a cost of \( \$ 15400 \). Freight cost of \( \$ 350 \) was paid by the appropriate party. 4. 1/04/2022 Paid Innovate Co. in full \( 5.12 / 05 / 2022 \) Purchased inventory on account from Lightning Sportswear \( \$ 67000 \), terms \( 1 / 10, \mathrm{n} / 120 \). 6. \( 16 / 05 / 2022 \) Granted Global Co. \( \$ 3000 \) credit for inventory returned costing \( \$ 1700 \). 7. 05/07/2022 Received payments in full from Global Co. 8. 20/08/2022 Made sales on account to \( 3 G \mathrm{Co} \). for \( \$ 56000 \), terms \( 1 / 20, \mathrm{n} / 90 \). FOB destination. The cost of the inventory was \( \$ 34000 \). Freight cost of \( \$ 3000 \) was paid by the appropriate party. 9. 10/09/2022 Paid Lightning Sportswear in full 10. 15/11/2022 Received payments in full from \( 3 \mathrm{G} \mathrm{Co} \). 11. during the year the following expenses was paid in cash Salaries 12,000 / advertising 2000 , utility 2600 , water 700 , tax 500 \( 31 / 12 / 2022 \) supplies in hand was 5005

The following accounts balances are available at December, 31, 2022: Cash \( \$ 30,000 \), Supplies \( \$ 2,000 \), Equipment \( \$ 4,000 \) (10 years), Account Receivable \$2,000, Account Payable \$5,000, Shares Capital \$30,000, and Retained earnings \( \$ 3,000 \), transactions were completed in CAPEL Co. during 2022 1. \( 6 / 01 / 2022 \) paid rent for two years 6000 S 2. 1/02/2022 purchased van to use in business for 150005 cash, 10 years' useful life. 3.5/2/2022Purchased inventory on account from Innovate Co. \( \$ 121,200 \), FOB shipping point, terms \( 2 / 10, \mathrm{n} / 60 \). Freight cost of \( \$ 500 \) was paid by the appropriate party. 2. 20/02/2022 Received credit from Innovate \( \mathrm{Co}_{0} \). for merchandise returned \( \$ 2200 \). 3. 10/04/2022 Sold merchandise on account to Global Co. for \( \$ 29000 \), terms \( 1 / 10, n / 90 \). FOB shipping point The merchandise sold had a cost of \( \$ 15400 \). Freight cost of \( \$ 350 \) was paid by the appropriate party. 4. 1/04/2022 Paid Innovate Co. in full 5.12/05/2022 Purchased inventory on account from Lightning Sportswear \$67000, terms 1/10, n/120. 6. \( 16 / 05 / 2022 \) Granted Global Co. \( \$ 3000 \) credit for inventory returned costing \( \$ 1700 \). 7. 05/07/2022 Received payments in full from Gobal Co. 8. 20/08/2022 Made sales on account to \( 3 \mathrm{G} \mathrm{Co} \). for \( \$ 56000 \), terms \( 1 / 20, n / 90 \). FOB destination. The cost of the inventory was \( \$ 34000 \). Freight cost of \( \$ 3000 \) was paid by the appropriate party. 9. 10/09/2022 Paid Lightning Sportswear in full 10. 15/11/2022 Received payments in full from \( 3 \mathrm{G} \mathrm{Co} \). 11. during the year the following expenses was paid in cash Salaries 12,000 / advertising 2000 , utility 2600 , water 700 , tax 500 \( 31 / 12 / 2022 \) supplies in hand was 5005 Instructions: (a) Journalize the April transactions using a PERPETUAL INVENTORY SYSTEM.