Business, 27.03.2020 01:54 tay3270

At the beginning of the current season on April 1, the ledger of Wildhorse Pro Shop showed Cash $3,480; Inventory $3,500; and Common Stock $6,980. The following transactions were completed during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,700, terms 2/10, n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $400. 10 Sold merchandise on account to members $1,430, terms n/30. The merchandise sold had a cost of $790. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $780, terms 1/10, n/30. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $80. 20 Made sales on account to members $850, terms n/30. The cost of the merchandise sold was $550. 21 Paid Woods Sportswear in full. 27 Granted an allowance to members for clothing that did not fit properly $85. 30 Received payments on account from members $1,370.

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At the beginning of the current season on April 1, the ledger of Wildhorse Pro Shop showed Cash $3,4...

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