A, E4-15A, E4-18A, P4-23A Saved Help Required information [The following information applies to the questions displayed below) The trial balance for Terry's Auto Shop as of January 1, Year 2, follows: Account Titles Debit Credit Cash $14,770 Inventory 3,050 Common Stock $ 7,310 Retained Earnings 10,510 Total $17,820 $17,820 The following events affected the company during the Year 2 accounting period: 1. Purchased merchandise on account that cost $4,240. 2. The goods in Event 1 were purchased FOB shipping point with freight cost of $285 cash. 3. Returned $460 of damaged merchandise for credit on account 4. Agreed to keep other damaged merchandise for which the company received an $220 allowance. 5. Sold merchandise that cost $2,640 for $13,300 cash. 6. Delivered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $160 cash. 7. Paid $2,900 on the merchandise purchased in Event 1. 8. Paid $8,600 cash for operating expenses. ces Required a. Record the events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list O Required information ne tirst account riera.) View transaction list Journal entry worksheet F5 Required information HHL aLLULIILICIU.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Record entry for cost of goods sold. Note: Enter debits before credits. General Journal Debit Credit Event 5b Record entry Clear entry View general journal 1 Prev 2 3 4 Next of 7 !!! DCBOOK Air F4 F5 FB 2 F3 % Required information .) .) View transaction list Journal entry worksheet MacBook Air POD 20 F3 ve F5 FO 57 % 2 3 4 5 6 7 8 HDL OLLUUIL CIU.) View transaction list Journal entry worksheet MacBook Air 90 200 F7 F3 % 2 3 4 5 co 7 8