At the beginning of the current golf season, on April 1, 2018, the general ledger of In the Pines Golf Shop showed Cash $4,200; Inventory $19,500; Common Shares $12,000; and Retained Earnings $11,700. In the Pines Golf Shop uses a perpetual inventory system.

The following transactions occurred in April:

Apr. 3 Purchased golf bags, clubs, and balls on account from Balata Corp. for $3,200, terms 1/10, n/30, FOB shipping point.

5 Freight of $286 was paid by the appropriate party on the April 3 purchase from Balata.

7 Sold merchandise on account to members for $9,750, terms n/30. The cost of the merchandise sold was $5,850.

9 Received a $320 purchase allowance from Balata for returned merchandise.

11 Paid Balata in full.

14 Received payments on account from members, $4,150.

16 Purchased golf shoes, sweaters, and other accessories on account from Arrow Sportswear Limited for $1,300, terms 2/10, n/30.

17 Received a $100 credit from Arrow Sportswear for returned merchandise.

20 Sold merchandise on account to members for $11,100, terms n/30. The cost of the merchandise sold was $6,200.

24 Paid Arrow Sportswear in full.

25 Received payments on account from members, $4,375.

27 Granted an $85 sales allowance to a member for a flaw in the clothing they had purchased. No merchandise was returned.

Instructions

(a) Record the April transactions.

(b) Set up T accounts, enter the opening balances, and post the transactions recorded in part (a).

(c) Prepare a trial balance as at April 30.