Powell Company began the Year 2 accounting period with $20,000 cash, $60,400 inventory, $48,600 common stock, and $31,800 retained earnings. During Year 2, Powell experienced the following events: Sold merchandise that cost $37,900 for $74,600 on account to Prentise Furniture Store. Delivered the goods to Prentise under terms FOB destination. Freight costs were $310 cash. Received returned goods from Prentise. The goods cost Powell $1,910 and were sold to Prentise for $3,880. Granted Prentise a $1,160 allowance for damaged goods that Prentise agreed to keep. Collected partial payment of $53,300 cash from accounts receivable. Required a. Record the events in general journal format.

Jenny​ walters, who owns a real estate​ agency, bought an old house to use as her business office. she found that the ceiling was poorly insulated and that the heat loss could be cut significantly if six inches of foam insulation were installed. she estimated that with the​ insulation, she could cut the heating bill by​ $80 per month and the​ air-conditioning cost by​ $70 per month. assuming that the summer season is three months​ (june, july, and​ august) of the year and that the winter season is another three months​ (december, january, and​ february) of the​ year, how much can jenny spend on insulation if she expects to keep the property for five​ years? assume that neither heating nor​ air-conditioning would be required during the fall and spring seasons. if she decides to install the​ insulation, it will be done at the beginning of may.​ jenny's interest rate is​ 6% compounded monthly.