The following trial balance pertains to Benjis Grocery as of January 1, Year 2:

Account Title	Debit				Credit
Cash	$	15,000
Accounts receivable		9,600
Merchandise inventory		62,000
Accounts payable					$	3,200
Common stock						66,000
Retained earnings						17,400
Total	$	86,600			$	86,600

The following events occurred in Year 2. Assume that Benjis uses the periodic inventory method.

1. Purchased land for $7,100 cash.
2. Purchased merchandise on account for $24,000, terms 2/10 n/30.
3. Paid freight of $240 cash on merchandise purchased FOB shipping point.
4. Returned $2,500 of defective merchandise purchased in Event 2.
5. Sold merchandise for $18,000 cash.
6. Sold merchandise on account for $42,000, terms 1/20 n/30.
7. Paid cash within the discount period on accounts payable due on merchandise purchased in Event 2.
8. Paid $1,800 cash for selling expenses.
9. Collected $37,000 of the accounts receivable from Event 6 within the discount period.
10. Collected $2,000 of the accounts receivable but not within the discount period.
11. Paid $2,500 of other operating expenses.
12. A physical count indicated that $33,000 of inventory was on hand at the end of the accounting period.

b. Post the transactions to ledger T-accounts. Casu Cash Accounts Receivable Beg. Bal Beg. Bal End. Bal End. Bal Land Merchandise Inventory Beg. Bal Beg. Bal End. Bal End. Bal Common Stock Accounts Payable Beg. Bal Beg. Bal End. Bal End. Bal Sales Revenue Retained Earnings Beg. Bal Beg. Bal End. Bal. End. Bal Sales Discounts Purchases Beg. Bal Beg. Bal End. Bal End. Bal Purchase Returns and Allowances Beg. Bali Purchase Discounts Beg. Bal End. Bal End. Bal Transportation in Cost of Goods Sold Beg. Bal Beg. Bal End. Bal End. Bal Other Operating Expenses Beg. Bal Selling Expenses Beg. Bali End. Bal End. Bal