what is the information in order on a journal entry work sheet? according to this information Powell Company began the Year 2 accounting period with $18,100 cash, $60,400 inventory, $49,000 common stock, and $29,500 retained earnings. During Year 2, Powell experienced the following events:

1. Sold merchandise that cost $37,500 for $76,100 on account to Prentise Furniture Store.
2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $390 cash.
3. Received returned goods from Prentise. The goods cost Powell $1,930 and were sold to Prentise for $3,990.
4. Granted Prentise a $1,100 allowance for damaged goods that Prentise agreed to keep.
5. Collected partial payment of $52,200 cash from accounts receivable.