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4/4 Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandiae for $1,900 on terme of 2/5, n/30, FOB shipping point,

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Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandiae for $1,900 on terme of 2/5, n/30, FOB shipping point, invoice dated November 1. rs and return $150 of defective merchandise purchased on November 1 7 Dollar Store November 5, for a cash refund. 10 Dollar store pays 995 cash for tranaportation coats for the November 1 purchase:sai . ns S Dollar store aelis nerchandise for S2.052 with terms n/30. The cost of the merchandise is $1,02 16 ise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $240 and cost $120; 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. Journal entry worksheet 1 2 3 4 5 6 7 8 Dollar Store purchases merchandise for $1,900 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1.

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