Question

Adam Nichols, a former disc golf star, operates Adam's Discorama. At the beginning of the current season on Aprll 1, the ledger of Adam's Discorama showed Cash $1, Inventory $2,600, and Common Stock $4,500. The following transactions were completed during April. 

Answer 1

Trial balance
Accounts	Debit	credit
Cash	1315
Inventory	3251
Accounts receivable	450
Common stock		4500
Sales revenue		1400
Sales returns and allowance	20
Cost of goods sold	864
total	5900	5900

Journal entries

Date	Accounts	Debit	credit
Apr-05	Inventory	1100
	accounts payable		1100
Apr-07	Inventory	60
	cash		60
Apr-09	Accounts payable	100
	inventory		100
Apr-10	Accounts receivable	840
	sales revenue		840
	cost of goods sold	504
	inventory		504
Apr-12	Inventory	550
	accounts payable		550
Apr-14	Accounts payable	1000
	inventory		20
	cash		980
Apr-17	Accounts payable	70
	inventory		70
Apr-20	Accounts receivable	560
	sales revenue		560
	cost of goods sold	360
	inventory		360
Apr-21	Accounts payable	480
	inventory		5
	cash		475
Apr-27	Sales returns and allowance	20
	accounts receivable		20
Apr-30	cash	930
	accounts receivable		930