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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
At the beginning of the current season on April 1, the ledger of Thousand Oaks Pro Shop showed Cash $2,500; Inventory $3,500; and Common Stock $6,000. The following transactions were completed during April 2012.
| Apr. 5 | Â | Purchased golf bags, clubs, and balls on account from Ryder Co. $1,500, terms3/10, n/60. |
| 7 | Â | Paid freight on Ryder purchase $80. |
| 9 | Â | Received credit from Ryder Co. for merchandise returned $200. |
| 10 | Â | Sold merchandise on account to members $1,340, terms n/30. The merchandise sold had a cost of $820. |
| 12 | Â | Purchased golf shoes, sweaters, and other accessories on account from Birdie Sportswear $830, terms1/10, n/30. |
| 14 | Â | Paid Ryder Co. in full. |
| 17 | Â | Received credit from Birdie Sportswear for merchandise returned $30. |
| 20 | Â | Made sales on account to members $810, terms n/30. The cost of the merchandise sold was $550. |
| 21 | Â | Paid Birdie Sportswear in full. |
| 27 | Â | Granted an allowance to members for clothing that did not fit properly $80. |
| 30 | Â | Received payments on account from members $1,220. |
Journalize the April transactions using a perpetual inventory system
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