• Accounts payable

• Accounts receivable

• Accumulated depreciation

• Building

• Cash

• Cost of goods sold

• Delivery expense

• Depreciation expense

• Interest expense

• Interest income

• Interest payable

• Interest receivable

• Land

• Merchandise inventory

• Miscellaneous expenses

• Other expenses

• Purchases

• Purchases discounts

• Purchases returns and allowances

• Sales

• Sales discounts

• Sales returns and allowances

• Transportation-in

Following are the merchandising transactions of Dollar Store. November 1 Dollar Store purchases merchandise for $2,000 on terms of 2/5, 1/38, FOB shipping point, invoice dated November 1. November 5 Dollar Store pays cash for the November 1 purchase. November 7 Dollar Store discovers and returns $150 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. November 10 Dollar Store pays $100 cash for transportation costs for the November 1 purchase. November 13 Dollar Store sells merchandise for 52,160 with terms n/30. The cost of the merchandise is $1,088. November 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $249 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 Dollar Store pays cash for the November 1 purchase. Note: Enter debits before credits. General Journal Debit Credit Date Nov 05 Record entry Clear entry View general journal Journal entry worksheet Dollar Store pays $100 cash for transportation costs for the November 1 purchase Note: Enter debits before credits. Date General Journal Debit Credit Nov 10 Record entry Clear entry View general journal Journal entry worksheet Dollar Store sells merchandise for $2,160 with terms n/30. Note: Enter debits before credits. General Journal Date Nov 13 Debit Credit Record entry Clear entry View general journal Journal entry worksheet Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $240. Note: Enter debits before credits. General Journal Debit Credit Date Nov 16 Record entry Clear entry View general journal Journal entry worksheet The returned items cost $120; the items were not damaged and were returned to inventory Note: Enter debits before credits. Date General Journal Debit Credit Nov 16 Record entry Clear entry View general journal