Journal entry worksheet Journal entry worksheet Record entry for purchase of merchandise on account. Note: Enter debits before credits. A B. C D G H 1 Record cash paid for operating expenses. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Event & General Journal & Debit & Credit \\ \hline no & p \end{tabular} the first account field.) Journal entry worksheet E F G H Record entry for allowances to keep other damaged Merchandise. Note: Enter debits before credits. Exercise 4-12A (Algo) Effect of purchase returns and allowances and freight costs on the journal, ledger, and financial statements: Perpetual system LO 4-2, 4-4, 4.6 [The following information applies to the questions displayed below] The trial balance for Terry's Auto Shop as of January 1, Year 2, follows: The following events affected the company during the Year 2 accounting period: 1. Purchased merchandise on account that cost $4,260. 2. The goods in Event I were purchased FOB shipping point with freight cost of $200 cash. 3. Returned $490 of damaged merchandise for credit on account. 4. Agreed to keep other damaged merchandise for which the company recelved an $210 allowance. 5. Sold merchandise that cost $2,590 for $13,800 cash. 6. Dellvered merchandise to customers in Event 5 under terms FOB destinatlon with freight costs amounting to $190 cash. 7. Paid $2,890 on the merchandise purchased in Event 1. 8. Paid $8,910 cash for operating expenses. Exercise 4-12A (Algo) Part a Required a. Record the events in general joumal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) A B Journal entry worksheet Note: Enter debits before credits. A B C \( B \longdiv { F } \) G H I Record sale of inventory for cash. Note: Enter debits before credits