Biloxi Gifts uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal as illustrated in this appendix. Journalize its November transactions that should be recorded in the general journal. For those not recorded in the general journal, identify the special journal where each should be recorded.

Nov. 2 Purchased $2,600 of merchandise on credit from the Midland Co., terms 2 10, n 30.

12 The owner, T. Biloxi, contributed an automobile worth $17,000 to the business in exchange for common stock.

16 Sold $1,200 of merchandise (cost is $800) on credit to K. Myer, terms n 30.

19 K. Myer returned $175 of (worthless) merchandise originally purchased on November 16 (assume the cost of this merchandise is left in cost of goods sold).

AppendixLO1