Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. Prepare a trial balance on April 30, 2022. Prepare an income statement through gross profit for the month of April 2022.

At the beginning of the current season on April 1, the ledger of Carla Vista Pro Shop showed Cash $3,070; Inventory $3,500; and Common Stock $6,570. The following transactions were completed during April 2022. Apr. 5 7 9 10 12 14 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,800, terms 4/10,n/60. Paid freight on Arnie purchase $80. Received credit from Arnie Co. for merchandise returned $400. Sold merchandise on account to members $1,230, terms n/30. The merchandise sold had a cost of $750. Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,070, terms 2/10, n/30. Paid Arnie Co. in full. Received credit from Woods Sportswear for merchandise returned $70. Made sales on account to members $890, terms n/30. The cost of the merchandise sold was $550. Paid Woods Sportswear in full. Granted an allowance to members for clothing that did not fit properly $90. Received payments on account from members $1,270. 17 20 21 27 30