[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 Debit Credit Cash $14,810 Inventory 3,120 Common Stock $ 7,460 Retained Earnings 10, 470 Total $17,930 $17,930 The following events affected the company during the Year 2 accounting period: 1. Purchased merchandise on account that cost $4,110. 2. The goods in Event 1 were purchased FOB shipping point with freight cost of $240 cash. 3. Returned $440 of damaged merchandise for credit on account 4. Agreed to keep other damaged merchandise for which the company received an $280 allowance 5. Sold merchandise that cost $2,590 for $13,800 cash. 6. Delivered merchandise to customers in Event 5 under terms FOB destination with freight costs amounting to $200 cash 7. Paid $2,980 on the merchandise purchased in Event 1. 8. Paid $8.750 cash for operating expenses. b. Open general ledger T-accounts with the appropriate beginning balances, and post the journal entries to the T-accounts. Cash Accounts Payable Beg Bal Beg Bal End. Bal End Bal Merchandise Inventory Common Stock Beg Bal Beg Bal End Bar End Bal