1.Sport Direct, a sport stuff shop. At the beginning of the current season, the ledger...
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1.Sport Direct, a sport stuff shop. At the beginning of the current season, the ledger of Sport Direct shop showed cash $2,200, Inventory $1,800, and Share capital - Ordinary $4,000. The following transactions were completed during April.
April 4) Purchased racquets and balls from Jay-Mac Co. for $760, FOB Shipping point, terms 2/10, n/30.
April 5) Purchased Building for $48,000 cash.
April 6) Paid Freight on purchase from Jay-Mac Co. for $40 cash.
April 7) Purchased Supplies for $2,500 cash.
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