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Following are the merchandising transactions for Dollar Store Nov. 1 Dollar Store purchases merchandise for $2,200 on terms of 2/5, 1/30, FOB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $110 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $2,376 with terms w/30. The cost of the merchandise is $1,188. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $245 and cost $123; the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method View transaction list Journal entry worksheet Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,200 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $110 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $2,376 with terms n/30. The cost of the merchandise is $1,188. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $245 and cost $12); the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method View transaction ist Journal entry worksheet The cost of the merchandise is $1,188. Note Enter debits before credits General Journal Date Nov 13 Debit Credit Following are the merchandising transactions for Dollar Store Nov. 1 Dollar Store purchases merchandise for $2,200 on terms of 2/5, 1/30, FOB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November I purchase. Dollar Store discovers and returns $210 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund 10 Dollar Store pays $110 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $2,376 with terms n/30. The cost of the merchandise is $1,188 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $245 and cost $123; the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method View transaction list Journal entry worksheet 1 2 3 6 7 8 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $245. Note: Enter debits before credits General Journal Debit Nov 16 Credit Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,200 on terms of 2/5, 1/38, FOB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 1e Dollar Store pays $110 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $2,376 with terms n/30. The cost of the merchandise is $1,188. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $245 and cost $123; the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method. View transaction ist Journal entry worksheet 1 2 3 4 5 6 7 8 The returned items cost $123; the items were not damaged and were returned to inventory. Note: Enter debits before credits Date Nov 16 General Journal Debit Credit

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