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9 10 At the beginning of the current season on April 1, the records of Flounder Pro Shop showed Cash $2.940, Inventory $3,500, and Common Stock $6,440. The following transactions occurred during April 2017 Apr. 5 Purchased golf bags, clubs, and balls on account from Arnie Co. $2,000 Received credit from Arnie Co, for merchandise returned $600. Sold merchandise on account to members $1.390. The merchandise sold had a cost of $750, Purchased golf shoes, sweaters, and other accessories on account from Woods Sportswear $1,070 14 Paid Arnie Co. in full Received credit from Woods Sportswear for merchandise returned $70 Made sales on account to members $930. The cost of merchandise sold was $550. 21 Pald Woods Sportswear in full. Received payments on account from members $1.280. 12 17 20 30 (a) Prepare a tabular summary that includes the following accounts: Cash Accounts Receivable, Inventory, Accounts Payable. Common Stock, Sales Revenue, Sales Returns and Allowances, and Cost of Goods Sold. Enter the beginning balances in the summary Assets Cash Accts. Rec. Inv. Bal $ Apr. 1 $ Save for Later Attempts: 0 of 1 used Submit Answer Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Inventory, Accounts Payable. Common Stock, Sales Revenue, Sales Returns and Allowances, and cost of Goods Sold. Enter the beginning balances in the summary Liabilities Stockholders' Equity Retained Earnings Rev. Accts. Pay Common Stock Exp $ $

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