1. The following events affected Austins Auto Shop during 2019.

1	Purchased merchandise on account that costs $25,000. The terms of purchases are 2/11, n/45.
2	The goods in Event 1 were purchased FOB shipping point with freight cost of $800 cash
3	Returned $2,000 of damaged merchandise (Event 1) to the supplier
4	Sold merchandise that costs $12,000 for $21,500 cash. The terms of sale was 2/11, n/45.
5	Delivered merchandise to customers in Event 4 under terms FOB destination with freight costs amounting to $500 cash
6	Paid the amount due on its account payable (Event 1) within the discount period.
7	The customer paid the amount due on (Event 4) during the discount period.

Required: [7 Marks]

1. Prepare journal entries to record the events [7 Marks]