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(Solved): enter the beginning balances in the ledger accts and post the april transactions At the beginning of ...



enter the beginning balances in the ledger accts and post the april transactions
At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash \( \$ 3,280 \), Inventory \( \$ 3
Using T-accounts, enter the beginning balances in the ledger accounts and post the April transactions. (Post entries in the o
At the beginning of the current season on April 1, the ledger of Crane Pro Shop showed Cash \( \$ 3,280 \), Inventory \( \$ 3,500 \), and Common Stock \( \$ 6,780 \). The following transactions were completed during April \( 2025 . \) Apr. 5 Purchased golf bags, elubs, and balls on account from Arnie Co, \( \$ 2,000 \), terms \( 3 / 10, \mathrm{n} / 60 \). 7 Paid freight on Arnie purchase \( \$ 80 . \) 9 Received credit from Arnie Co. for merchandise returned \( \$ 200 \). 10 Sold merchandise on account to members \( \$ 1,220 \), term \( n / 30 \). The merchandise sold had a cost of \( \$ 770 \). 12 Purchased golf shoes, sweaters, and other accessories on account from Woods \( S p \) ortswear \( \$ 760 \), terms \( 1 / 10, n / 30 \). 14 Paid Arnie Co. in full. 17 Received credit from Woods Sportswear for merchandise returned \( \$ 60 \). 20 Made sales on account to members \( \$ 810 \), terms \( n / 30 \). The cost of the merchandise sold was \( \$ 550 . \) 21 Paid Woods Sportswear in full. 27 Granted an allowance to members for clothing that did not fit properly \( \$ 90 . \) 30 Received payments on account from members \( \$ 1,250 \). Using T-accounts, 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. For accounts that have a zero balance, select " \( 4 / 30 \) Bal." from drop down and enter 0 for the amounts on the normal balance side.)


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Posting to T-accounts The posting of transactions refers to recording the transactions to respective ledger accounts in the T format. In this format,
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