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Eollowing are the merchandising transactions of Dollar Store. November 1 Dollar Store purchases merchandise for $1,800 on terms of 2/5,n/30, F08 shipping point, invoice dated

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Eollowing are the merchandising transactions of Dollar Store. November 1 Dollar Store purchases merchandise for $1,800 on terms of 2/5,n/30, F08 shipping point, invoice dated Novenber 1. Novenber 5 Dollar Store pays cash for the Novenber 1 purchase. November 7 Dollar Store discovers and returns $250 of defective merchandise purchased on November 1 , and paid for on November 5 , for a cash refund. Novenber 10 Dollar Store pays $50 cash for transportation costs for the November 1 purchase. November. 13 Dollar Store sells nerchandise for $1,88 with terns n/36. The cost of the merchandise is $540. November 16 Merchandise is returned to the Dollar Store fron the Novenber 13 transaction. The returned items are priced at $240 and cost $120; the itens were not dansged and vere 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 2345678 Dollar store purchases merchandise for $1,000 on terms of 2/5,n/30,708 shipping point, invoice dated November 1. Nate; fruer tetbita bielere crocits Journal entry worksheet 4 6 Dollar Store pays cash for the November 1 purchase. Note: Enter debits before credits. Journal entry worksheet

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