At the beginning of the current season on April 1, the ledger of Thousand Oaks Pro Shop showed Cash $2,500; Inventory $3,500; and Common Stock $6,000. The following transactions were completed during April 2012.
Apr. 5 Purchased golf bags, clubs, and balls on account from Ryder Co. $1,500, terms3/10, n/60.
7 Paid freight on Ryder purchase $80.
9 Received credit from Ryder Co. for merchandise returned $200.
10 Sold merchandise on account to members $1,340, terms n/30. The merchandise sold had a cost of $820.
12 Purchased golf shoes, sweaters, and other accessories on account from Birdie Sportswear $830, terms1/10, n/30.
14 Paid Ryder Co. in full.
17 Received credit from Birdie Sportswear for merchandise returned $30.
20 Made sales on account to members $810, terms n/30. The cost of the merchandise sold was $550.
21 Paid Birdie Sportswear in full.
27 Granted an allowance to members for clothing that did not fit properly $80.
30 Received payments on account from members $1,220.
Journalize the April transactions using a perpetual inventory system
