Problem 52A (Part Level Submission) Vaughn Distributing Company ple completed the following merchandising transactions in the month of April, the beginning of April, the ledger of Vaughn showed Cash of 9,490 and Share Capital Ordinary of 49,490 Apr.2 Purchased merchandise on account from Walker Supply Co. 06.500, terms 2710, 1/30 Sold merchandise on account 5,600,00 destination, terms 1/10, 1/30. The cost of the merchandise sold was 3.720. 5 Pad Cofresh on April 6 Received credit from Walker Supply Co. for merchandise returned 700 11 Pod Walker Supply Co. in full, les discount 13 Received collections in full, less discounts, from customers billed on April 14 Purchased merchandise for cash 64.460. 16 Received refund from supplier for returned goods on cash purchase of April 14, C520. 18 Purchased merchandise from Benjamin Distributors 61,600, shipping point, terms 4/10, 30 20 Paid freight on April 18 purchase 170. 23 Sold merchandise for cash 7.190. The merchandise sold had a cost of 65.320. 26 Purchased merchandise for cash 2,130 27 Paid Benjamin bars in full less discount 9 Mide refunds to cash customers for defective merchandises. The returned merchandise had our value of a 30 Sold merchandise on account 3,560, 30. The cost of the merchandise was 450. Vaugha Distributing Company's chart of accounts includes the following: No. 101 Cash, No. 112 Accents Receivable No. 120 Inventory, No. 201 Accounts Payat No. 311 Share Capital - Ordinary, No. 401 Sales Revenue, No. 412 Sales Returns and Allowances, No. 414 Sales Discounts, No SOS Cost of Goods Sold, and No. 61 Out (b) Enter the beginning cash and share capital ordinary balances, and post the transactions. (Post entries in the order of journal entries presented in the previous question.) Cash No. 101 Date Explanation Ref Debit Credit Balance Apr. S v Balance V 270 Apr. 11 11 5,684 Apr. 13 11 5,544 Apr. 14 JI 4,460 Apr 16v 11 520 Apr. 20 11 170 Apr. 23 JI 7,190 Apr. 26 31 2,130 Apr. 27 Ji 4,416 Apr. 29 01 83 Apr 30 v 31 Accounts Receivable Date Explanation Ref Debit No. 112 Credit Balance J1 RCES Apr. 30 V Accounts Receivable Date Explanation No. 112 Ref Debit Credit Balance Apr. 4 v 01 5,600 Apr. 13 31 5,600 01 3,560 Apr. 30 Inventory Date No. 120 dy Explanation Ref Debit Credit Balance Apr. 2 01 6,500 Apr. 4 v J1 3,720 Apr. 6 v 01 700 Apr. 11 01 116 Apr. 14 01 4,460 Apr. 16 JI 520 Apr. 18 v 01 4,600 Apr. 20 v 01 170 Apr. 23 J1 5,320 Apr. 26 01 2,130 Apr. 27 Ji 184 Apr. 26 11 2,130 Apr. 27 J1 184 Apr. 29 J1 38 11 2,450 Apr. 30 Accounts Payable Date Explanation No. 201 Ref Debit Credit Balance Apr. 2 01 6,500 Apr. 6 V 01 700 Apr. 11 1 5,800 Apr. 18 J1 4,600 11 4,600 No. 311 Ref Debit Credit Apr. 27 Share Capital - Ordinary Date Explanation Balance Sales Revenue Date Explanation Balance No. 401 Ref Debit Credit Balance Apr. 4 v 11 5,600 Apr. 23 J1 7,190 Apr. 30 11 3,560 5 Apr. 23 01 7,190 3,560 Apr. 30 J1 Sales Returns and Allowances Date Explanation Ref No. 412 Debit Credit Balance 11 82 Apr. 29 Sales Discounts Date Explanation No. 414 Ref Debit Credit Balance 31 56 Apr. 13 Cost of Goods Sold Date Explanation No. 505 Ref Debit Credit Balance Apr. 4 V J1 3,720 Apr. 23 J1 5,320 Apr. 29 J1 38 11 2,450 Apr. 30 Freight-Out Date Explanation Ref No. 644 Debit Credit Balance Apr. 5 v J1 270