Powell Company began the Year 2 accounting period with $19,300 cash, $61,000 inventory, $48,300 common stock, and $32,000 retained earnings. During Year 2, Powell experienced the following events: 1. Sold merchandise that cost $37,900 for $75,100 on account to Prentise Furniture Store. 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $300 cash. 3. Received returned goods from Prentise. The goods cost Powell $1,910 and were sold to Prentise for $3,860. 4. Granted Prentise a $1,150 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $52,300 cash from accounts receivable. Required . Record the events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in he first account field.)