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 $4,300. 2. The goods in Event i were purchased FOB shipping point with freight cost of $215cash. 3. Returned $465 of damaged merchandise for credit on account. 4. Agreed to keep other damaged merchandise for which the company recelved an $215 allowance. 5. Sold merchandise that cost $2.740 for $13.500 cash. 6. Delivered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $155 cash. 7. Paid $2.920 on the merchandise purchased in Event 1. 8. Paid $8,950 cash for operating expenses. b. Open general ledger T accounts with the appropriate beginning balances, and post the journal entries to the T-accounts