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: Account Titles Cash Inventory Common Stock Retained Earnings Total Debit Credit $14,790 3. e3e $ 7,490 10,340 $17,828 $17,820 The following events affected the company during the Year 2 accounting period: 1. Purchased merchandise on account that cost $4.150. 2 The goods in Event 1 were purchased FOB shipping point with freight cost of $275 cash. 3. Returned $410 of damaged merchandise for credit on account. 4. Agreed to keep other damaged merchandise for which the company received an $295 allowance. 5. Sold merchandise that cost $2.740 for $13.100 cash. 6. Delivered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $110 cash. 7. Pald $2.870 on the merchandise purchased In Event 1 8. Pald $8,790 cash for operating expenses. Journal entry worksheet Record entry for purchase of merchandise on account. Note: Enter debits before credits General Journal Debit Credit Event 01 | Record entry Clear entry View general Journal Journal entry worksheet