The following trial balance pertains to Benf's Grocery as of January 1 , Year 2. The following events occurred in Year 2. Assume that Benj's uses the periodic inventory method. 1. Purchased land for $7,400 cash. 2. Purchased merchandise on account for $32,000, terms 2/10n/30. 3. Paid freight of $320 cash on merchandise purchased FOB shipping point. 4. Returned $2,000 of delective merchandise purchased in Event 2. 5. Sold merchandise for $20,000 cash. 6. Sold merchandise on account for $50.000, terms 1/20n/30. 7. Paid cash within the discount period on accounts payable due on merchandise purchased in Event 2. 8. Paid $1,600 cash for selling expenses. 9. Collected $36,000 of the accounts receivable from Event 6 within the discount period. 10. Collected $11,000 of the accounts teceivable but not within the discount period. 11. Paid $2,300 of other operaling expenses. 12. A physical count indicated that $38,000 of inventory was on hand at the end of the accounting period. Required a. Record these transactions in a general journat (If no entry is required for a transaction/event, select "No journal entr