can you please type it done includeing the fomula on how you got the answer please

Required information Exercise -16A (Algo) Effect of sales returns and allowances and freight costs on the journal, ledger, and financial statements: Perpetual system LO 4-2, 4-4, 4-6, 4-7 [The following information applies to the questions displayed below.] Powell Company began the Year 2 accounting period with $18,300 cash, $61,700 inventory, $48,400 common stock, and $31,600 retained earnings. During Year 2, Powell experienced the following events: 1. Sold merchandise that cost $37,000 for $74,800 on account to Prentise Furniture Store. 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $310 cash. 3. Received returned goods from Prentise. The goods cost Powell $1,930 and were sold to Prentise for $3,940. 4. Granted Prentise a $1,180 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $52,900 cash from accounts receivable. Exercise 4-16A (Algo) Part a 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 Journal entry worksheet B Event 1a. C Note: Enter debits before credits. Sold merchandise for $74,800 on account to Prentise Furniture Store. Record entry D E F G General Journal Clear entry Debit Credit View general Journal > Required information Exercise 4-16A (Algo) Effect of sales returns and allowances and freight costs on the journal, ledger, and financial statements: Perpetual system LO 4-2, 4-4, 4-6, 4-7 [The following information applies to the questions displayed below.] Powell Company began the Year 2 accounting period with $18,300 cash, $61,700 inventory, $48,400 common stock, and $31,600 retained earnings. During Year 2, Powell experienced the following events: 1. Sold merchandise that cost $37,000 for $74,800 on account to Prentise Furniture Store. 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $310 cash. 3. Received returned goods from Prentise. The goods cost Powell $1,930 and were sold to Prentise for $3,940. . Granted Prentise a $1,180 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $52,900 cash from accounts receivable. Exercise 4-16A (Algo) Part a 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 Journal entry worksheet Required information Exercise 4-16A (Algo) Effect of sales returns and allowances and freight costs on the journal, ledger, and financial statements: Perpetual system LO 4-2, 4-4, 4-6, 4-7 [The following information applies to the questions displayed below.] Powell Company began the Year 2 accounting period with $18,300 cash, $61,700 inventory, $48,400 common stock, and $31,600 retained earnings. During Year 2, Powell experienced the following events: 1. Sold merchandise that cost $37,000 for $74,800 on account to Prentise Furniture Store. 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $310 cash. 3. Received returned goods from Prentise. The goods cost Powell $1,930 and were sold to Prentise for $3,940. 4. Granted Prentise a $1,180 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $52,900 cash from accounts receivable. Exercise 4-16A (Algo) Part a 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 Journal entry worksheet Required information. Exercise 4-16A (Algo) Effect of sales returns and allowances and freight costs on the journal, ledger, and financial statements: Perpetual system LO 4-2, 4-4, 4-6, 4-7 [The following information applies to the questions displayed below.) Powell Company began the Year 2 accounting period with $18,300 cash, $61,700 inventory, $48,400 common stock, and $31,600 retained earnings. During Year 2, Powell experienced the following events: 1. Sold merchandise that cost $37,000 for $74,800 on account to Prentise Fumiture Store 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $310 cash. 3. Received returned goods from Prentise. The goods cost Powell $1,930 and were sold to Prentise for $3,940. 4. Granted Prentise a $1,180 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $52,900 cash from accounts receivable. Exercise 4-16A (Algo) Part a 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 Journal entry worksheet Required information Exercise 4-16A (A A (Algo) Effect of sales returns and allowances and freight costs on the journal, ledger, and financial statements: Perpetual system LO 4-2, 4-4, 4-6, 4-7 [The following information applies to the questions displayed below. Powell Company began the Year 2 accounting period with $18,300 cash, $61,700 Inventory, $48,400 common stock, and $31,600 retained earnings. During Year 2, Powell experienced the following events: 1. Sold merchandise that cost $37,000 for $74,800 on account to Prentise Furniture Store. 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $310 cash. 3. Received returned goods from Prentise. The goods cost Pawell $1,930 and were sold to Prentise for $3,940. 4. Granted Prentise e $1,180 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $52,900 cash from accounts receivable. Exercise 4-16A (Algo) Part a Required a. Record the events in general joumel format. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet