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[The following information applies to the questions displayed below.] The beginning account balances for Terrys Auto Shop as of January 1, Year 2, follow:

Account Titles	Beginning Balances
Cash	$	6,180
Inventory		3,000
Common Stock		7,350
Retained Earnings		1,830

The following events affected the company during the Year 2 accounting period:

1. Purchased merchandise on account that cost $4,100.
2. The goods in Event 1 were purchased FOB shipping point with transportation cost of $220 cash.
3. Returned $405 of damaged merchandise.
4. Agreed to keep other damaged merchandise for which the company received a $275 allowance.
5. Sold merchandise that cost $2,740 for $4,910 cash.
6. Delivered merchandise to customers in Event 5 under terms FOB destination with transportation costs amounting to $155 cash.
7. Paid $2,880 on the merchandise purchased in Event 1.

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