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using t-accounts enter the beginnjng balances in the ledger accounts and post the april transactions At the beginning of the current season on April 1,
using t-accounts enter the beginnjng balances in the ledger accounts and post the april transactions At the beginning of the current season on April 1, the ledger of Cullumber Pro Shop showed Cash $2,850; Inventory $3,500; and Common Stock $6,350. The following transactions were completed during April 2022. Apr. 5 7 9 10 12 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,400, terms 3/10,n/60. Paid freight on Arnie purchase $80. Received credit from Arnle Co. for merchandise returned $800. Sold merchandise on account to members $1.210, terms n/30. The merchandise sold had a cost of $910. Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $760, terms 2/10,n/30. Paid Arnie Co. in full Received credit from Woods Sportswear for merchandise returned $60. Made sales on account to members $830, 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 $80. Received payments on account from members $1,450. 14 17 20 21 27 30 Accounts Payable 2 e Common Stock . Sales Revenue Sales Returns and Allowances Cost of Goods Sold . with Me
using t-accounts enter the beginnjng balances in the ledger accounts and post the april transactions
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