Wildhorse Distributors completed the following merchandising transactions in the month of April. At the beginning of April, the ledger of Wildhorse showed Cash of 9,500 and Share CapitalOrdinary of 9,500.

Apr. 2	Purchased merchandise on account from Walker Supply 6,300, terms 1/10, n/30.
4	Sold merchandise on account 5,900, FOB destination, terms 1/10, n/30. The cost of the merchandise sold was 4,400.
5	Paid 250 freight on April 4 sale.
6	Received credit from Walker Supply for merchandise returned 200.
11	Paid Walker Supply in full, less discount.
13	Received collections in full, less discounts, from customers billed on April 4.
14	Purchased merchandise for cash 4,300.
16	Received refund from supplier for returned goods on cash purchase of April 14, 640.
18	Purchased merchandise from Benjamin Glassware 2,900, FOB shipping point, terms 2/10, n/30.
20	Paid freight on April 18 purchase 220.
23	Sold merchandise for cash 8,100. The merchandise sold had a cost of 5,800.
26	Purchased merchandise for cash 3,500.
27	Paid Benjamin Glassware in full, less discount.
29	Made refunds to cash customers for defective merchandise 80. The returned merchandise had a fair value of 40.
30	Sold merchandise on account 3,000, terms n/30. The cost of the merchandise sold was 2,300.

a) Journalize the transactions using a perpetual inventory system.

b) Enter the beginning cash and share capitalordinary balances, and post the transactions.

c) Prepare the income statement through gross profit for the month of April 2020.