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 $14,650 3,160 $7,300 10,510 $17,810 $17,810 The following events affected the company during the Year 2 accounting period 1. Purchased merchandise on account that cost $4,280. 2. The goods in Event 1 were purchased FOB shipping point with freight cost of $220 cash 3. Returned $405 of damaged merchandise for credit on account. 4. Agreed to keep other damaged merchandise for which the company received an $275 allowance. 5. Sold merchandise that cost $2,700 for $13,800 cash. 6. Delivered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $100 cash. 7. Paid $2,860 on the merchandise purchased in Event 1 8. Paid $8,520 cash for operating expenses b. Open general ledger T-accounts with the appropriate beginning balances, and post the journal entries to the T-accounts