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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

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