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Problem 5-09A At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $3,115; Inventory $4,115; and Common Stock $7,230. The following transactions occurred during April 2022. Apr. 5 Purchased golf bags, clubs, and balls an account from Arnie Co. $1,815, termns 4/10, 1/60. 7 Paid freight on Amie Ca. purchases $96. 9 Received credit from Amie Ca. for merchandise returned $545. ID 5old merchandise on account to members $1,648, terms 1/30. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,021, terms 2/10, 1/30. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $221. 20 Made sales on account to members $996, terms n/30. 21 Pald Woods Sportswear in full. 27 Granted credit to members for dothing that did not fit properly $98. 30 Received payments on account from miernbers $1.501. Journalize the April transactions using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem. Round answers to o decimal places, .4.5,275.) Date Account Titles and Explanation Debit Credit decimal places, .. 5,275. For accounts that have a zero balance Using T accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Past antres in the order of journal entries posted in part a. Round answers to select "4/30 Bal." From the list and enter o for the amount.) Accounts Receivable Accounts Payable Common Stock Sales Revenue Sales Returns and Allowances ITTHON Purchase Returns and Allowances Purchase Discounts Prepare a trial balance on April 30, 2022. (Do not list those accounts that have zero anding balance.) CRANE PRO SHOP Trial Balance Debit Credit LINK TO TEXT Prepare an income statement through gross profit, assuming inventory on hand at April 30 is $5.243. CRANE PRO SHOP Income Statement (Partial) Click if you would like to Show Work for this question: Open Show Work Problem 5-09A At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $3,115; Inventory $4,115; and Common Stock $7,230. The following transactions occurred during April 2022. Apr. 5 Purchased golf bags, clubs, and balls an account from Arnie Co. $1,815, termns 4/10, 1/60. 7 Paid freight on Amie Ca. purchases $96. 9 Received credit from Amie Ca. for merchandise returned $545. ID 5old merchandise on account to members $1,648, terms 1/30. 12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,021, terms 2/10, 1/30. 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned $221. 20 Made sales on account to members $996, terms n/30. 21 Pald Woods Sportswear in full. 27 Granted credit to members for dothing that did not fit properly $98. 30 Received payments on account from miernbers $1.501. Journalize the April transactions using a periodic inventory system. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem. Round answers to o decimal places, .4.5,275.) Date Account Titles and Explanation Debit Credit decimal places, .. 5,275. For accounts that have a zero balance Using T accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Past antres in the order of journal entries posted in part a. Round answers to select "4/30 Bal." From the list and enter o for the amount.) Accounts Receivable Accounts Payable Common Stock Sales Revenue Sales Returns and Allowances ITTHON Purchase Returns and Allowances Purchase Discounts Prepare a trial balance on April 30, 2022. (Do not list those accounts that have zero anding balance.) CRANE PRO SHOP Trial Balance Debit Credit LINK TO TEXT Prepare an income statement through gross profit, assuming inventory on hand at April 30 is $5.243. CRANE PRO SHOP Income Statement (Partial) Click if you would like to Show Work for this question: Open Show Work

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