Cash | Account | inventory | Accounts | Common | Revenue | Expense | |||
receivable | payable | Stock | |||||||
1-Apr | 3,410 | 0 | 3,500 | 0 | 6,910 | 0 | 0 | ||
5-Apr | 1,600 | 1,600 | |||||||
9-Apr | -500 | -500 | |||||||
10-Apr | 1,320 | 1,320 | Sales revenue | ||||||
-730 | -730 | cost of goods sold | |||||||
12-Apr | 860 | 860 | |||||||
14-Apr | -1100 | 1,100 | |||||||
17-Apr | -60 | -60 | |||||||
20-Apr | 960 | 960 | Sales revenue | ||||||
-550 | -550 | cost of goods sold | |||||||
21-Apr | -800 | -800 | |||||||
30-Apr | 1,240 | 1,240 | |||||||
2280 | -1,280 | ||||||||
Income statement | |||||||||
for the year ending April 2017 | |||||||||
Revenue | |||||||||
sales | 2,280 | ||||||||
cost of goods sold | 1,280 | ||||||||
Gross profit | 1,000 | ||||||||
Question 3 At the beginning of the current season on April 1, the records of Flint Pro Shop showed Cash $3,410; In...
At the beginning of the current season on April 1, the ledger of Blossom Pro Shop showed Cash $2,600; Inventory $3,500; and Common Stock $6,100. The following transactions were completed during April 2022. Apr.5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,400, terms 2/10, n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co.for merchandise returned $200. 10 Sold merchandise on account to members $1,200, terms n/30. The merchandise sold had a...
At the beginning of the current season on April 1, the ledger of Wildhorse Pro Shop showed Cash $3,210; Inventory $3,500; and Common Stock $6,710. The following transactions were completed during April 2022. At the beginning of the current season on April 1, the ledger of Wildhorse Pro Shop showed Cash $3,210; Inventory $3,500; and Common Stock $6,710. The following transactions were completed during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,400,...
At the beginning of the current season on April 1, the ledger of Oriole Pro Shop showed Cash $2,660; Inventory $3,500; and Common Stock $6,160. The following transactions were completed during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,700, terms 3/10, n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $600. 10 Sold merchandise on account to members $1,410, terms n/30. The merchandise sold...
At the beginning of the current season on April 1, the ledger of Sunland Pro Shop showed Cash $2.940: Inventory $3,500, and Common Stock $6,440. The following transactions were completed during April 2022. Apr.5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2.000 terms 2/10, 1/60 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co.for merchandise returned $600. 10 Sold merchandise on account to members 51.390 terms 1/30. The merchandise sold had a...
Problem 5-3A (Part Level Submission) At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $3,280; Inventory $3,500; and Common Stock $6,780. The following transactions were completed during April 2017. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,000, terms 3/10, n/60. 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $200. 10 Sold merchandise on account to members...
At the beginning of the current season on April 1, the ledger of Sandhill Pro Shop showed Cash $3,100; Inventory $4,100; and Common Stock $7,200. The following transactions occurred during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,800, terms 4/10, n/60. 7 Paid freight on Arnie Co. purchases $96. 9 Received credit from Arnie Co.for merchandise returned $500. 10 Sold merchandise on account to members $1,608, terms n/30. 12 Purchased golf shoes,...
At the beginning of the current season on April 1, the ledger of Tamarisk, Inc. Shop showed Cash $1,900, Inventory $2,500, and Common Stock $4,400. The following transactions were completed during April 2022. Apr. 5 7 9 10 12 14 Purchased golf discs, bags, and other inventory on account from Arnie Co. $1,050, FOB shipping point, terms 2/10, n/60 Paid freight on the Arnie purchase $60. Received credit from Arnie Co. for merchandise returned $200. Sold merchandise on account for...
At the beginning of the current season on April 1, the ledger of Sunland Pro Shop showed Cash $3,035: Inventory $4,035, and Common Stock $7,070. The following transactions occurred during April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $1,605, terms 3/10,n/60. 7 Paid freight on Arnie Co. purchases $86. 9 Received credit from Arnie Co.for merchandise returned $305. 10 Sold merchandise on account to members $1,434, terms n/30. 12 Purchased golf shoes, sweaters,...
s Question 2 ions At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $2,620 Inventory$3,500 and Common Stock $&120.The following transactions were completed during April 2017 Apr.5 Purchased golf bags clubs and balis on account from Anie Co.$2.200, terms 3/10, n60 7 Pald freight on Arrie purchase $ 80 9 Received credit from Arnie Co for merchandise returned $ 400 0 Sold merchandise on account to members $ 1,480, terms...
Question 2 View Policies Current Attempt in Progress At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash $2,910; Inventory $3.500, and Common Stock $6,410. The following transactions were completed during April 2022 Apr.5 Purchased golf bags, clubs, and balls on account from Arnie Co $1,900, terms 3/10, 1/60 7 Paid freight on Arnie purchase $80. 9 Received credit from Arnie Co. for merchandise returned $500. 10 Sold merchandise on account to...