At the beginning of the current season on April 1, the ledger ofGranite Hills Pro Shop showed Cash $3,075; Inventory $4,075; andCommon Stock $7,150. The following transactions occurred duringApril 2017.

Apr. 5		Purchased golf bags, clubs, and balls on account from Arnie Co.$1,725, terms 4/10, n/60.
7		Paid freight on Arnie Co. purchases $92.
9		Received credit from Arnie Co. for merchandise returned$425.
10		Sold merchandise on account to members $1,541, terms n/30.
12		Purchased golf shoes, sweaters, and other accessories onaccount from Woods Sportswear $955, terms 1/10, n/30.
14		Paid Arnie Co. in full.
17		Received credit from Woods Sportswear for merchandise returned$155.
20		Made sales on account to members $932, terms n/30.
21		Paid Woods Sportswear in full.
27		Granted credit to members for clothing that did not fitproperly $92.
30		Received payments on account from members $1,403.

1) Journalize the April transactions using a periodic inventorysystem. (If no entry is required, select "No Entry" forthe account titles and enter 0 for the amounts. Credit accounttitles are automatically indented when amount is entered. Do notindent manually. Record journal entries in the order presented inthe problem. Round answers to 0 decimal places, e.g.5,275.)

2) Using T accounts, enter the beginning balances in the ledgeraccounts and post the April transactions. (Post entriesin the order of journal entries posted in part a. Round answers to0 decimal places, e.g. 5,275. For accounts that have a zero balanceselect "4/30 Bal." from the list and enter 0 for theamount.)

3) Prepare a trial balance on April 30, 2017. (Donot list those accounts that have zero endingbalance.)

4) Prepare an income statement through gross profit, assuminginventory on hand at April 30 is $4,902.