CALCULATOR PRINTER VERSION 4 BACK NEX Problem 5A-SA a-c (Part Level Submission) Adam Nichols, a former disc golf star, operates Sunland Discorama. At the beginning of the current season on April 1, the ledger of Sunland Discorama showed Cash $1,400, Inventory $2,100, and Owner's Capital $3,500. The following transactions were completed during April Apr. 5 Purchased golf discs, bags, and other inventory on account from Rayford Co. $900, FOB shipping point, terms 2/10, 1/60 7 Pald freight on the Rayford purchase $50. 9 Received credit from Rayford Co. for merchandise returned $100. 10 Sold merchandise on account for $900, terms n/30. The merchandise sold had a cost of $530. 12 Purchased disc golf shirts and other accessories on account from Galaxy Sportswear $580, terms 1/10, 1/30. 14 Paid Rayford Co. in full, less discount. 17 Received credit from Galaxy Sportswear for merchandise returned $80. 20 Made sales on account for $660, terms n/30. The cost of the merchandise sold was $370. 21 Pald Galaxy Sportswear in full, less discount. 27 Granted an allowance to customers for clothing that was flawed $20. 30 Received payments on account from customers $900. The chart of accounts for the store includes the following: No. 101 Cash, No. 112 Accounts Receivable, No. 120 Inventory, No. 201 Accounts Payable, No. 301 Owner's Capital, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, No. 510 Purchases, No. 512 Purchase Returns and Allowances, No. 514 Purchase Discounts, and No. 516 Freight-In. PRINTER VERSION (BAC CALCULATOR Credit Date Debit Account Titles and Explanation Inventory Apr. 5 Accounts Payable Apr. 7 Freight-in Cash Apr. 9 Accounts Payable Inventory Apr. 100 Accounts Receivable Sales Revenue Apr. 12 ! Purchases Inventory Apr. 14 Purchase Discounts Cash Inventory Apr. 17 Accounts Payable Inventory Apr. 20 : Accounts Receivable Sales Revenue Apr. 21 : Accounts Payable Apr. 274 Sales Returns and Allowances Accounts Receivable Apr. 30 Cash Accounts Receivable Click if you would like to Show Work for this question: Open Show Work