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each sentence is a different transaction Following are the merchandising transactions of Dollar Store 4. 3.14 points November 1 Dollar Store purchases merchandise for $2,200

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Following are the merchandising transactions of Dollar Store 4. 3.14 points November 1 Dollar Store purchases merchandise for $2,200 on terss of 2/5, 5/30, POB shipping point. vol dated November 1 Bovenbees Dollar store pays cash for the November ! purchase November 7 Dollar store discovers and returns $100 of defective merchandise purchased on November 1. Apaid for November 5, for cash refund. November 10 Dollar store, pays $110 cash for transportation costs for the November 1 purchase November 12 Dollar Store della merchandise for $2,376 vith term n/30. The cost of the merchandise is 51,101. November 16 Merchandise is returned to the Dollar store from the November 13 transaction. The returned items are priced at $250 and cont 5145; the items were not danaged and were returned to inventory Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetunt inventory system and the cross method 8 01524 View transaction lit Journal entry worksheet 3 2 5 6 7 8 Dollar Store purchases merchandise for $2,200 on terms of 2/5, 1/30, FOB Shipping point, invoice dated November 1. Note: Enter debits before credits Debli Credit General Journal Date Nov 01

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