Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions

At the beginning of the current season on April 1, the ledger of Oriole Company showed Cash $3,100; Inventory $5,000; and Common Stock $8,100. These transactions occurred during April 2020.

Apr. 5Purchased golf bags, clubs, and balls on account from Hogan Co. $1,700, FOB shipping point, terms2/10, n/60.7Paid freight on Hogan Co. purchases $50.9Received credit from Hogan Co. for merchandise returned $100.

10Sold merchandise on account to customers $880, terms n/30.12Purchased golf shoes, sweaters, and other accessories on account from Duffer Sportswear $450, terms1/10, n/30.14Paid Hogan Co. in full.17Received credit from Duffer Sportswear for merchandise returned $50.20Made sales on account to customers $880, terms n/30.21Paid Duffer Sportswear in full.27Granted credit to customers for clothing that had flaws $30.30Received payments on account from customers $880.