journal Entry worksheet

A. record entry for purchace of merchandise on account

B. record entry cash paid for freight cost

C. record entry to return of damaged merchandise for credit on account

D. record entry for allowances to keep other damaged merchandise

E. record sale of inventory for cash

F. record entry for cost of goods sold

G. record entry for freight cost paid

H. record cash paid for merchandise purchased

I. record cash paid for operating expenses

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: The following events affected the company during the Year 2 accounting period: 1. Purchased merchandise on account that cost $4,220. 2. The goods in Event 1 were purchased FOB shipping point with freight cost of $275 cash. 3. Returned $475 of damaged merchandise for credit on account. 4. Agreed to keep other damaged merchandise for which the company received an $230 allowance. 5. Sold merchandise that cost $2,570 for $13,800 cash. 6. Dethered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $105 cash. 7. Paid \$2,880 on the merchandise purchased in Event 1. 8. Paid $8,530 cash for operating expenses. 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.) Journal entry worksheet Record entry for purchase of merchandise on account. Note: Enter debits before credits