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Problem 5-4A Yolanda Hagen, a former disc golf star, operates Yolanda's Discorama. At the beginning of the current season on April 1, the ledger of Yolanda's Discorama showed Cash $1,800, Inventory $2,500, and Owner's Capital $4,300. The following transactions were completed during April. Apr. Purchased golf discs, bags, and other inventory on account from Mumford Co. $1,000, FOB 5 shipping point, terms 2/10, n/60. 7 Paid freight on the Mumford purchase $40. 9 Received credit from Mumford Co. for merchandise returned $100. 10 Sold merchandise on account for $980, terms n/30. The merchandise sold had a cost of $588. 12 Purchased disc golf shirts and other accessories on account from Saucer Sportswear $670, terms 1/10, n/30. 14 Paid Mumford Co. in full, less discount. 17 Received credit from Saucer Sportswear for merchandise returned $70. 20 Made sales on account for $700, terms n/30. The cost of the merchandise sold was $300. 21 Paid Saucer Sportswear in full, less discount. 27 Granted an allowance to customers for clothing that was flawed $40. 30 Received payments on account from customers $980. Journalize the April transactions using a perpetual inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale.) (To record cost of merchandise sold.) (To record credit sale.) (To record cost of merchandise sold.) LINK TO TEXT LINK TO TEXT LINK TO TEXT 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 Date Explanatio Ref n . Balance J1 J1 J1 J1 No. 101 Debit Credit Balance Accounts Receivable Date Explanatio Ref n . Debit No. 112 Credit Balance J1 J1 J1 J1 Inventory Date Explanatio Ref n . Balance J1 J1 J1 J1 J1 J1 J1 J1 J1 Debit No. 120 Credit Balance Accounts Payable Date Explanatio Ref n . Debit No. 201 Credit Balance J1 J1 J1 J1 J1 J1 Owner's Capital Date Explanatio Ref n . Balance Debit No. 301 Credit Sales Revenue Date Balance Explanatio Ref n . Debit No. 401 Credit Balance J1 J1 Sales Returns and Allowances Date Explanatio Ref n . Debit No. 412 Credit Balance J1 Cost of Goods Sold Date Explanatio Ref n . J1 Debit No. 505 Credit Balance J1 LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a trial balance on April 30, 2017. YOLANDA'S DISCORAMA Trial Balance Debit Credit $ $ $ $ LINK TO TEXT LINK TO TEXT LINK TO TEXT