View Policies Show Attempt History Current Attempt in Progress Indigo Hagen, a former disc golf star, operates Indigo's Discorama. At the beginning of the current season on April 1, the ledger of Indigo's Discorama showed Cash $1,900, Inventory $2,500, and Owner's Capital $4,400. The following transactions were completed during April Apr.5 Purchased golf discs, bags, and other inventory on account from Mumford Co. $1,200, FOB shipping point, terms 2/10, n/60. 7 Paid freight on the Mumford purchase $40. 9 Received credit from Mumford Co. for merchandise returned $100. 10 Sold merchandise on account for $810, terms n/30. The merchandise sold had a cost of $486. 12 Purchased disc golf shirts and other accessories on account from Saucer Sportswear $665, terms 1/10,n/30. 14 Paid Mumford Co. in full, less discount. 17 Received credit from Saucer Sportswear for merchandise returned $65. 20 Made sales on account for $560. terms n/30. The cost of the merchandise sold was $350. 21 Paid Saucer Sportswear in full, less discount. 27 Granted an allowance to customers for clothing that was flawed $30. 30 Received payments on account from customers $900. The chart of accounts for the store includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory. No. 201 Accounts Payable. No. 301 Owner's Capital. No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, and No. 505 Cost of Goods Sold. She S Study Abroad Cons. Imperial Educationa... 5 Curriculum Training... 5 https://account.aut... Home page banner Totol.com New law sile sedis - SSL ce.. Enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the order of Journal entries presented in the previous part) Cash Debit No. 101 Balance Date Credit Explanation Ref. Balance V Accounts Receivable Explanation Ref. Debit Date No. 112 Balance Credit J1 Inventory Date Explanation Ref. Debit No. 120 Balance Credit Inventory Debit No. 120 Balance Date Credit Explanation Ref. Balance Accounts Payable Explanation Ref. Debit Date Credit No. 201 Balance Accounts Payable Explanation Ref. Debit No. 201 Balance Date Credit Owner's Capital Explanation Ref. Debit No. 301 Balance Date Credit Balance Sales Revenue Explanation Ref. Debit No. 401 Balance Date Credit Owner's Capital Explanation Ref. Debit Balance No. 301 Balance Date Credit Sales Revenue Explanation Ref. Debit J1 No. 401 Balance Date Credit Sales Returns and Allowances Explanation Ref. Debit No. 412 Balance Date Credit J1 Cost of Goods Sold Explanation Ref. Debit No. 505 Balance Date Credit e Textbook and Media