Complete the General Journal using accounts listed

Debit Credit Account Title Cash Accounts Receivable Merchandise Inventory Accounts Payable Common Stock Retained Earnings Totals $ 26,000 4,000 50,000 $ 4,000 43,000 33,000 $ 80,000 $80,000 The following events occurred in 2012. 1. 2. Cash paid for land purchase Merchandise purchased on account Terms: 1/10 n/45, FOB Shipping Point $ 20,000 $126,000 3. Freight paid in cash for merchandise purchase above 4. Defective Merchandise returned purchased in event 2 5. Merchandise costing $60,356 sold for cash 6. Merchandise costing 84,220 sold on account $ 1,000 $ 3,600 $ 86,000 $120,000 Terms: 1/20 n/30 7. Paid cash on accounts payable with discount (event 2) 8. Paid Selling expenses 9. A/R collected within discount period 10. A/R collected after discount period 11. Paid other operating expenses $ 11,600 $ 50,000 $ 60,000 $ 6,400