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Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,100 on terms of 2/5, n/30, FOB shipping point, invoice

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Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,100 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and returns $100 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund 10 Dollar Store pays $185 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $2,268 with terms n/3e. The cost of the merchandise is 51,134 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $268 and cost $130; 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! View transaction list Journal entry worksheet 6 8 Journal entry worksheet Dollar Store discovers and returns $100 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. Note: Enter debits before credits. Date General Journal Debit Credit Nov 07 Record entry Clear entry View general journal Journal entry worksheet

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