the questions are:

1. Prepare the journal entries of the financial events during April 2020.

2. Compute the amount of the Inventory on April 30, 2020 and the Cost of goods sold in April 2020.

3. Prepare the five adjusting journal entries on April 30, 2020.

4. Prepare the Single Step Income Statement for the month ending on April 30, 2020.

5. Prepare the closing journal entries on April 30, 2020.

Company was established corn April 1, 2020. The company purchases and sells product E. Company D uses the periodic inventory system in combination with the last in first out inventory cost method. Below you'll find the chart of accounts of company. Use only these ancourits in your arewer Chart of Accounts (in alphabetic order Accounts payable Accounts receivable Cash Common stock Cost of goods sold Dividers Freight in Freight out expenses Government bonds Income summary Income tax expense Income tax payable Interest expenses Interest payable Interest receivable Interest revers Loan Merchandise inventory Prepaid rent Purchases Purchases discount Purchase returns and allowances Rent expenses Rentable Retained camines Sales Sales discounts Sales returns and allowances Unearned sales During April 2020 the following financial events citur: 280.000 200.000 On April 1, company D is establised by depositing in cash in the art of the company in exchange for with a car value of C 1 per sharr Further, company Dobtains a loan from a bank for a total amount of with a yearly interest rate of 3 to be paid in arrear 560.000 On April 1 company Drents a store and pays the rent in advance for 3 months for a total amount of 16.900 2.800 rachi On April 30 products are purchased and delivered for a price af Payment conditions are n/30. FOB destination. The amount is paid immediately. On April 6 10 products are sold, but not yet delivered for a price of The amount is received immediately 28.000 cach 20.300 hxh. On April 9, 10 products Farr purchased on account and delivered for a price of Payment conditions are 1/30. FOB shipping point The courier charges freight expenses on account for a total amount of 3.500 On April 9 the products from the sale of April bare delivered to the customer, On April 12, the invoice for the purchase of April 9 is paid to the supplier. E 29.400 cach On April 13.8 proclucts are sold on account and delivered for a price of Payment conditions are 3/10, 1/30. FOD shipping point 210.DID On April 16, Bowerment bands are purchased for a total amount of with a yearly interest rate of 2% to be received in arrear. On April 20, the invoice from the sale of April 13 is paid by the customer. 30.000 each. On April 25.4products are sold on account and delivered for a once of Payment conditions are 5/10, 1/30, FOB shipping point. 22400 each On April 28. 6 products E are purchased and delivered for a price of Payment conditions are 3/10, 1/30. FOD shipping point. The courier charges freight expenses for a latal arraun al The amounts are paid immediately 2.100 Further the following information is available: Income tax for April 2020 is estimated at 56.000 56.000 Company was established corn April 1, 2020. The company purchases and sells product E. Company D uses the periodic inventory system in combination with the last in first out inventory cost method. Below you'll find the chart of accounts of company. Use only these ancourits in your arewer Chart of Accounts (in alphabetic order Accounts payable Accounts receivable Cash Common stock Cost of goods sold Dividers Freight in Freight out expenses Government bonds Income summary Income tax expense Income tax payable Interest expenses Interest payable Interest receivable Interest revers Loan Merchandise inventory Prepaid rent Purchases Purchases discount Purchase returns and allowances Rent expenses Rentable Retained camines Sales Sales discounts Sales returns and allowances Unearned sales During April 2020 the following financial events citur: 280.000 200.000 On April 1, company D is establised by depositing in cash in the art of the company in exchange for with a car value of C 1 per sharr Further, company Dobtains a loan from a bank for a total amount of with a yearly interest rate of 3 to be paid in arrear 560.000 On April 1 company Drents a store and pays the rent in advance for 3 months for a total amount of 16.900 2.800 rachi On April 30 products are purchased and delivered for a price af Payment conditions are n/30. FOB destination. The amount is paid immediately. On April 6 10 products are sold, but not yet delivered for a price of The amount is received immediately 28.000 cach 20.300 hxh. On April 9, 10 products Farr purchased on account and delivered for a price of Payment conditions are 1/30. FOB shipping point The courier charges freight expenses on account for a total amount of 3.500 On April 9 the products from the sale of April bare delivered to the customer, On April 12, the invoice for the purchase of April 9 is paid to the supplier. E 29.400 cach On April 13.8 proclucts are sold on account and delivered for a price of Payment conditions are 3/10, 1/30. FOD shipping point 210.DID On April 16, Bowerment bands are purchased for a total amount of with a yearly interest rate of 2% to be received in arrear. On April 20, the invoice from the sale of April 13 is paid by the customer. 30.000 each. On April 25.4products are sold on account and delivered for a once of Payment conditions are 5/10, 1/30, FOB shipping point. 22400 each On April 28. 6 products E are purchased and delivered for a price of Payment conditions are 3/10, 1/30. FOD shipping point. The courier charges freight expenses for a latal arraun al The amounts are paid immediately 2.100 Further the following information is available: Income tax for April 2020 is estimated at 56.000 56.000