Current Attempt in Progress

At the beginning of the current season on April $1,$ the ledger of Ivanhoe Pro Shop showed Cash $$3,000,$ Inventory $$3,500,$ and Common Stock $$6,500.$ The following transactions were completed during April $2025.$

Apr. $5$ Purchased golf bags, clubs, and balls on account from Arnie Co$.$ $$2,200,$ terms $\frac{3}{10},\frac{n}{60}.$

$7$ Paid freight on Arnie purchase $$80.$

$9$ Received credit from Arnie Co$.$ for merchandise returned $$600.$

$10$ Sold merchandise on account to members $$1,480,$ terms $\frac{n}{30}.$ The merchandise sold had a cost of $$880.$

$12$ Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $$980,$ terms $\frac{2}{10},\frac{n}{30}.$

$14$ Paid Arnie Co$.$ in full.

$17$ Received credit from Woods Sportswear for merchandise returned $$80.$

$20$ Made sales on account to members $$830,$ terms eTextbook and Media

List of Accounts

Accounts Receivable

Inventory Question $9$ of $11$

Common Stock

Sales Revenue

Sales Returns and Allowances

eTextbook and Media

List of Accounts Prepare a trial balance on April $30,2025.($Do not list those accounts that have zero ending balance.$)$

IVANHOE PRO SHOP

Trial Balance

Debit

Credit

$

$

Total

$$=,=$

eTextbook and Media

List of Accounts

Prepare an income statement through gross profit for the month of April $2025.$

IVANHOE PRO SHOP

Income Statement $($Partial$)$

$

$]$

$

$=$

eTextbook and Media

List of Accounts$)/(30.$ The cost of the merchandise sold was $$550.$

$21$ Paid Woods Sportswear in full.

$27$ Granted an allowance to members for clothing that did not fit properly $$75.$

$30$ Received payments on account from members $$1,150.$