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Following are the merchandising transactions for Dollar Store Hov 1 Dollar Store purchases merchandise for $2,700 on terms of 2/5, 1/30, FOS shipping point, Invoice

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Following are the merchandising transactions for Dollar Store Hov 1 Dollar Store purchases merchandise for $2,700 on terms of 2/5, 1/30, FOS shipping point, Invoice dated November 1 S Dollar Store pays cash for the November 1 purchase 7 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on November 5, for cash refund 10 Dollar Store pays $135 cash for transportation costs for the November 1 purchase 1) Dollar Store sells merchandise for $2.916 with terw W30. The cost of the werchandise 1 51,452 10 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $300 and cost 5150, the items were not doned and were returned to inventory Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual eventory system. Mint remember that a discount was taken when the company paid for the goods it later returned For transactions that require two journal entlers, record the entries on separate screens Prepare the first entsy and record in the joumai. You will then be given the opportunity to record the second entry for the transaction View transaction that Journal entry worksheet 2 > Merchandise is returned to the Dollar Store from the November 13 transaction The retumed items are priced at 100

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