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Using T accounts, enter the beginning balances in the ledger accounts and post the April...

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Accounting

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

At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $3,020; Inventory $4,020; and Common Stock $7,040. The following transactions occurred during April 2017.

Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,560, terms 3/10, n/60.
7 Paid freight on Arnie Co. purchases $83.
9 Received credit from Arnie Co. for merchandise returned $260.
10 Sold merchandise on account to members $1,394, terms n/30.
12 Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $863, terms 2/10, n/30.
14 Paid Arnie Co. in full.
17 Received credit from Woods Sportswear for merchandise returned $63.
20 Made sales on account to members $842, terms n/30.
21 Paid Woods Sportswear in full.
27 Granted credit to members for clothing that did not fit properly $83.
30 Received payments on account from members $1,269.

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