6) Downton Company had the following business events during for October, its first month of operation. The company uses the perpetual inventory system. 1) Oct. 1 Issued $15,000 of common stock to investors. 2) Oct. 2 Purchased $12,500 of merchandise on account with the terms 2/10, n/30. 3) Oct. 4 Returned $1,250 of defective merchandise from the Oct. 2 purchase. 4) Oct. 10 Paid the amount due on the merchandise purchased on Oct. 2. 5) Oct. 3 Sold merchandise that cost $9,000 for $17,000 on account with the terms 1/10, n/30. 6) Oct. 5 Paid freight of $100 on goods sold to customers shipped FOB destination. 7) Oct. 12 Received cash from customers in settlement of the Oct. 3 sale. Required: a. Record the events in general journal format b. Post the events to accounts shown under an accounting equation