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please fix what i have wrong or am missing. O Required information The following information applies the questions displayed below) The trial balance for Terry's

please fix what i have wrong or am missing.
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O Required information The following information applies the questions displayed below) The trial balance for Terry's Auto Shop as of January 1, Year 2 follows: Credit Account Titles Cash Inventory Common Stock Retained Earnings Total Debit $ 14,860 3,090 $ 7,460 10,490 $ 17,95 $ 17,950 The following events affected the company during the Year 2 accounting period: 1. Purchased merchandise on account that cost $4.120. 2. The goods in Event 1 were purchased FOB shipping point with freight cost of $215 cash. 3. Returned $420 of damaged merchandise for credit on account 4. Agreed to keep other damaged merchandise for which the companiy received an $280 allowance. 5. Sold merchandise that cost $2,680 for $13,000 cash. 6. Delivered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $110 cash 7. Paid $2,890 on the merchandise purchased in Event 1. 8. Paid $8,750 cash for operating expenses b. Open general ledger T-accounts with the appropriate beginning balances, and post the Journal entries to the T-accounts Answer is not complete. Cash Accounts Payable Beg Beg Bal Bal 3. 14,860 13,000 Sa. 4. 215 12 1106 2,89017 8,750 18. OOOO Dole 420 4,120 1. 280 8.750 B. End. Bal 15,895 End Bal 5,330 Inventory Common Stock Beg Beg Bal 7,4603 ws 3,090 4,120 215 1. 2 SIS OG 420 3. 2804 4,120 x 16 $ End 2,805 End Bal 7.480 Bal Retained Earnings Sales Revenue Beg. Bal 10,490 Beg Bal 5a. 13.000 End Bal 10,490 End Bal 13.000 Cost of Goods Sold Transportation-out 0 Beg Bal Beg Bal 0 110 4,120 End Bal 110 End Bal 4,120 Beg Operating Expenses 0 8,750 Bal B. End Bal 8.750

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