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a. Journalize the April transactions using a perpetual inventory system b. Enter the beginning balances in the ledger accounts and post the April transactions c. Prepare a trial balance on April 30,2022

Current Attempt in Progress At the beginning of the current season on April 1. the ledger of Sarasota's Discorama showed Cash $1,900. Inventory $2,400, and Owners Capital $4,800. The following transactions were completed during April 2022 Apr Purchased golf discs, bags, and other inventory on account from Mumford Co. $1.000. FOB shipping point terms 2/10, 0/80 Paid freight on the Mumford purchase $60. Recelved credit from Mumford Co.for merchandise returned $200. 1.0 Sold merchandise on account for $800 terms 30. The merchandise sold had a cost of $480 12 Purchased disc golf shirts and other accessories on account from Saucer Sportswear $570, terms 1/10. n/300 14 Paid Mumford Co. in full less discount. 17 Received credit from Saucer Sportswear for merchandise returned $70. 20 Made sales on account for $620. terms n/B0. The cost of the merchandise sold was $850. 211 Paid Saucer Sportswear in fuil, less discount. Granted an allowance to customers for clothing that did not fit $20. 30 Received payments on account from customers $870. 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, and No. 505 Cost of Goods Sold. (a) Journalize the April transactions using a perpetual inventory system (List all debit entries before credit entries. Credit account bites are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problemi final entry is required, select No Entry for the account cities and enter Ofor the amounts, Date Account Titles and Explanation Debit Credit To record credit sale.) (To record cost of merchandise solda Question 7 of 7 10 To record cost of merchandise sold.) (To record credit sale. I (To record cost of merchandise sold.) PXL 20210729_011....jpg PXL_20210729_010....jpg 20190418_102050.jpg (b) Enter the beginning balances in the ledger accounts and post the April transactions (Post entries in the order of journal entries presented in the previous part.) Cash No. 101 Date Explanation Ref. Debit Credit Balance V Balance V Ji 31 11 Ji Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance Ji 1 J1 11 Inventory No. 120 Date Explanation Ref. Debit Credit Balance Balance V J1 J1 11 11 31 J1 11 11 11 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance 11 11 11 31 11 y 11 Owner's Capital No. 301 Date Explanation Ref. Debit Credit Balance Balance V Sales Revenue No. 401 Date Explanation Ref. Debit Credit Balance ji J1 Sales Returns and Allowances No. 412 Date Explanation Ref. Debit Credit Balance 01 Cost of Goods Sold No. 505 Date Explanation Ref. Debit Credit Balance e Textbook and Media List of Accounts Seve for later Attempts: 0 of 5 used Submit Answer (c) Prepare a trial balance on April 30. 2022. (Do not list those accounts that have zero ending balance.) SARASOTA'S DISCORAMA Trial Balance Debit Credit 5 $ Totals $ $ e Textbook and Media List of Accounts Save for Later Attempts: O of 5 used Submit