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Journalize the April transactions using the periodic ineventory system At the beginning of the current season...

Journalize the April transactions using the periodic ineventory system

At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $3,095; Inventory $4,095; and Common Stock $7,190. The following transactions occurred during April 2017. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,785, terms 3/10, n/60. 7 Paid freight on Arnie Co. purchases $95. 9 Received credit from Arnie Co. for merchandise returned $485. 10 Sold merchandise on account to members $1,595, terms n/30. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $988, terms 2/10, n/30. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $188. 20 Made sales on account to members $964, terms n/30. 21 Paid Woods Sportswear in full. 27 Granted credit to members for clothing that did not fit properly $95. 30 Received payments on account from members $1,452.

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