At the beginning of the current tennis season, on April 1, 2018, the general ledger of Grand Slam Tennis Shop showed Cash $16,400; Inventory $16,200; Common Shares $20,000; and Retained Earnings $12,600. Grand Slam Tennis Shop uses a perpetual inventory system.

The following transactions occurred in April:

Apr. 2 Purchased racquets and balls from Roberts Inc. for $5,800, terms 2/10, n/30, FOB shipping point.

3 The appropriate party paid $160 freight on the purchase from Roberts on April 2.

5 Received credit of $100 from Roberts for a damaged racquet that was returned.

9 Purchased supplies for $1,130 cash from Discount Supplies Limited.

11 Paid Roberts in full.

13 Purchased tennis shoes from Niki Sports Ltd. for $1,560 cash, FOB shipping point.

16 The appropriate party paid $115 freight on the purchase from Niki on April 13.

18 Received a $110 cash refund from Niki Sports for damaged merchandise that was returned.

20 Sold merchandise to members for $11,100 on account, terms n/30. The cost of the merchandise was $6,660.

21 Some of the merchandise purchased on April 20, with a sales price of $1,000 and a cost of $600, was returned by members. It was restored to inventory.

23 Purchased equipment for use in the business from DomCo Ltd. for $11,700, terms n/45.

25 Sold merchandise to members for $9,800, terms n/30. The cost of the merchandise was $5,880.

27 Received cash payments on account from members, $9,800.

28 Granted a $150 sales allowance on account to a member for slightly torn tennis clothing. No merchandise was returned.

Instructions

(a) Record the April transactions. Round all calculations to the nearest dollar.

(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.