Question: i need help with question 6 Problem 3-28A (Algo) Comprehensive cycle problem: Periodic system (Appendix) LO 3-9 The following listing of accounts pertains to Benjis

i need help with question 6
i need help with question 6 Problem 3-28A (Algo) Comprehensive cycle problem:

Problem 3-28A (Algo) Comprehensive cycle problem: Periodic system (Appendix) LO 3-9 The following listing of accounts pertains to Benjis Grocery as of January 1, Year 2: The following events occurred in Year 2 Assume that Benjrs uses the periodic inventory method. 1. Purchased land for $10.000 cash. 2. Purchased merchandise an account for $106,000, terms 270,n/45 3. Paid freight of $1,500 cash on merchandise purchased FOB shipping point: 4. Returned $4.600 of defective merchandise purchased in Event 2 . 5. Sold merchandise for $96,000cosh. 6. Sold merchandise on account for $105,000, terms 3 to, n 30 . 7. Poid cash within the discount period on accounts payabie due on merchandise purchased in Event 2 . 8. Paid $12.600 cash for seiling expenses. 9. Collected $60.000 of the accounts receivatie from Event 6 within the discount period 10. Collected $45,000 of the accounts receivable but not wathin the discount period 11. Paid $7,400 of other operating expenses 12. A physical count indicated that $48600 of liventory was on hand at the end of the accounting period. Required a. Record the preceding transactions in a horto ontal itatements model., in the Cash Flows column, use OA to delighote one iating activisy. IA fot investing activily. FA for financing activity or NC for net change if the account is not affected by the event, leave the cell blank. The beginning balances have been recorced as an example b. Prepaie a schedule of cont of goods sold ond an income watement

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