Question
In: Accounting
At the beginning of the current season on April 1, the ledger of Kokott Pro Shop...
At the beginning of the current season on April 1, the ledger of Kokott Pro Shop showed Cash $3,000; Inventory $4,000; and Common Stock $7,000. These transactions occurred during April 2019.
Apr. 5Purchased golf bags, clubs, and balls on account from Hogan 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 on account from Duffer Sportswear $450, terms 1/10, n/30.
14Paid Hogan Co. in full.
17Received credit from Duffer Sportswear for merchandise returned $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 AND CREDITS
Solutions
ekkarill92 answered 6 months agoRelated Solutions
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At the beginning of the current season on April 1, the ledger of
Ivanhoe Pro Shop showed Cash $3,000; Inventory $3,500; and Common
Stock $6,500. The following transactions were completed during
April 2022.
Apr. 5
Purchased golf bags, clubs, and balls on account from Arnie Co.
$2,200, 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 $1,480, terms n/30. The
merchandise sold...
At the beginning of the current season on April 1, the ledger of Swifty Pro Shop...
At the beginning of the current season on April 1, the ledger of
Swifty Pro Shop showed Cash $2,990; Inventory $3,500; and Common
Stock $3,490. The following transactions were completed during
April 2022.
Apr. 5
Purchased golf bags, clubs, and balls on account from Arnie Co.
$2,100, terms 2/10, n/60.
7
Paid freight on Arnie purchases $80.
9
Received credit from Arnie Co. for merchandise returned
$500.
10
Sold merchandise on account to members $1,380, terms n/30. The
merchandise sold...
At the beginning of the current season on April 1, the ledger of Kokott Pro Shop...
At the beginning of the current season on April 1, the ledger of
Kokott Pro Shop showed Cash $3,800; Inventory $4,300; and Common
Stock $8,100. These transactions occurred during April 2017.
Apr. 5
Purchased golf bags, clubs, and balls on account from Hogan Co.
$1,300, FOB shipping point, terms 2/10, n/60.
7
Paid freight on Hogan Co. purchases $50.
9
Received credit from Hogan Co. for merchandise returned
$100.
10
Sold merchandise on account to customers $880, terms n/30.
12...
At the beginning of the current season on April 1, the ledger of Sunland Pro Shop...
At the beginning of the current season on April 1, the ledger of
Sunland Pro Shop showed Cash $3,100; Inventory $3,500; and Common
Stock $6,600. The following transactions were completed during
April 2022. Apr. 5 Purchased golf bags, clubs, and balls on account
from Arnie Co. $2,600, terms 3/10, n/60. 7 Paid freight on Arnie
purchase $80. 9 Received credit from Arnie Co. for merchandise
returned $700. 10 Sold merchandise on account to members $1,470,
terms n/30. The merchandise sold...
At the beginning of the current season on April 1, the ledger of Sandhill Pro Shop...
At the beginning of the current season on April 1, the ledger of
Sandhill Pro Shop showed Cash $2,950; Inventory $3,500; and Common
Stock $3,450. The following transactions were completed during
April 2022.
Apr. 5
Purchased golf bags, clubs, and balls on account from Arnie Co.
$2,500, terms 2/10, n/60.
7
Paid freight on Arnie purchase $80.
9
Received credit from Arnie Co. for merchandise returned
$700.
10
Sold merchandise on account to members $1,340, terms n/30. The
merchandise sold...
At the beginning of the current season on 1 April, the ledger of Tri-State Pro Shop...
At the beginning of the current season on 1 April, the ledger of
Tri-State Pro Shop showed Cash $2 500; Inventory $3 500; and Graham
Woods, Capital $6 000. These transactions occurred during April
2012.
April
5
Purchased golf bags, clubs, and balls on account from Balata
Company $1 700, FOB delivery point, terms 2/10, n/60.
7
Paid freight on Balata purchase $80.
9
Received credit from Balata Company for inventory returned
$200.
10
Sold inventory on account to members...
At the beginning of the current season on 1 October, the ledger of Hancock’s Pro Shop...
At the beginning of the current season on 1 October, the ledger
of Hancock’s Pro Shop Pty Ltd showed Cash $5000; Inventory $7000;
and Share Capital $12 000. The following transactions occurred
during October 2015.
Oct.
5
Purchased golf bags, clubs and
balls on account from Balata Ltd $5200, FOB shipping point, terms
2/7, n/60.
7
Paid freight on Balata Ltd
purchases $160.
9
Received credit from Balata
Ltd for inventory returned $200.
10
Sold inventory on account
$2400, terms...
At the beginning of the current season on April 1, the ledger of Carla Vista Pro...
At the beginning of the current season on April 1, the ledger of
Carla Vista Pro Shop showed Cash $3,360; Inventory $3,500; and
Common Stock $6,860. The following transactions were completed
during April 2022.
Apr. 5
Purchased golf bags, clubs, and balls on account from Arnie Co.
$1,500, terms 3/10, n/60.
7
Paid freight on Arnie purchase $80.
9
Received credit from Arnie Co. for merchandise returned
$700.
10
Sold merchandise on account to members $1,420, terms n/30. The
merchandise...
At the beginning of the current season on April 1, the ledger of Granite Hills Pro...
At the beginning of the current season on April 1, the ledger of
Granite Hills Pro Shop showed Cash $2,810; Inventory $3,500; and
Common Stock $6,310. The following transactions were completed
during April 2017.
Apr. 5
Purchased golf bags, clubs, and balls on account from Arnie Co.
$2,300, terms 4/10, n/60.
7
Paid freight on Arnie purchase $80.
9
Received credit from Arnie Co. for merchandise returned
$500.
10
Sold merchandise on account to members $1,490, terms n/30. The
merchandise...
At the beginning of the current season on April 1, the ledger of Granite Hills Pro...
At the beginning of the current season on April 1, the ledger of
Granite Hills Pro Shop showed Cash $3,075; Inventory $4,075; and
Common Stock $7,150. The following transactions occurred during
April 2017.
Apr. 5
Purchased golf bags, clubs, and balls on account from Arnie Co.
$1,725, terms 4/10, n/60.
7
Paid freight on Arnie Co. purchases $92.
9
Received credit from Arnie Co. for merchandise returned
$425.
10
Sold merchandise on account to members $1,541, terms n/30.
12
Purchased...
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