At the beginning of the current season on April 1, the ledger of Kokott Pro Shop...
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At the beginning of the current season on April 1, the ledger ofKokott Pro Shop showed Cash $3,000; Inventory $4,000; and CommonStock $7,000. These transactions occurred during April 2019.
Apr. 5Purchased golf bags, clubs, and balls on account fromHogan Co. $1,200, FOB shipping point, terms 2/10, n/60.
7Paid freight on Hogan Co. purchases $50.
9Received credit from Hogan Co. for merchandise returned$100.
10Sold merchandise on account to customers $600, terms n/30.
12Purchased golf shoes, sweaters, and other accessories onaccount from Duffer Sportswear $450, terms 1/10, n/30.
14Paid Hogan Co. in full.
17Received credit from Duffer Sportswear for merchandisereturned $50.
20Made sales on account to customers $600, terms n/30.
21Paid Duffer Sportswear in full.
27Granted credit to customers for clothing that had flaws$35.
30Received payments on account from customers $600.
-PREPARE A TRIAL BALANCE ON APRIL 30 ,2019 DEBITS ANDCREDITS
At the beginning of the current season on April 1, the ledger ofKokott Pro Shop showed Cash $3,000; Inventory $4,000; and CommonStock $7,000. These transactions occurred during April 2019.
Apr. 5Purchased golf bags, clubs, and balls on account fromHogan Co. $1,200, FOB shipping point, terms 2/10, n/60.
7Paid freight on Hogan Co. purchases $50.
9Received credit from Hogan Co. for merchandise returned$100.
10Sold merchandise on account to customers $600, terms n/30.
12Purchased golf shoes, sweaters, and other accessories onaccount from Duffer Sportswear $450, terms 1/10, n/30.
14Paid Hogan Co. in full.
17Received credit from Duffer Sportswear for merchandisereturned $50.
20Made sales on account to customers $600, terms n/30.
21Paid Duffer Sportswear in full.
27Granted credit to customers for clothing that had flaws$35.
30Received payments on account from customers $600.
-PREPARE A TRIAL BALANCE ON APRIL 30 ,2019 DEBITS ANDCREDITS
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You can see the logs in the Dashboard.