A- journalize the April transaction using a periodic inventory system.

B- Using T-aacounts, enter the beginning balanced in the ledger accounts and post the april transactions.

C- prepare an income statement through gross profit, assuming merchandise inventory on hand at april 30 is $ 6511

Problem 5-8A the current season on April 1, the ledger of Gage Pro Shop showed Cash $2,600; Inventory $5,000; and Owner's Captal $7,600. These transactions occurred duning Apri Apr. S Purchased golf bags, clubs, and balls on account from Tiger Co. $1,800, FOB shipping point, terms 2/10, rv60. 7 Paid freight on Tiger Co. purchases $50. 9 Received credit from Tiger Co, for merchandise returned $150. 10 Sold merchandise on account to customers $640, terms n/30 12 Purchased golf shoes, sweaters, and other accessories on account from Classic Sportswear $650, terms 1/10, n/30. 14 Paid Tiger Co, in full 17 Received credit from Classic Sportswear for merchandise returned $50 20 Made sales on account to customers $640, terms n/30. 21 Paid Classic Sportswear in full 27 Granted credit to customers for clothing that had flaws $35 30 Received payments on account from customers $640 Accounts Payable, Owner's Capital, Sales Revenut, Sal es Returns and Allowances, Purchases, Purchase Retun The chart of accounts for the pro shop includes Cash, Accounts Receivable, Inventory, Allowances, Purchase Discounts, and Freight-In