Journal entries for inventories. On January 1 , Year 1 2, the Merchandise Inventories account of Dollar General had a balance of $1,131 million. During the Year 12, Dollar General purchased inventories on account for $4,368 million. On December 31, Year 12, it finds that merchandise inventory still on hand amounts to $1,123 million. The Accounts Payable account had a balance of $322 million on January 1, Year 12, and $341 million on December 31, Year 12.

Present journal entries to account for all changes in the Merchandise Inventories and Accounts Payable accounts during Year 1 2.