Following are the merchandising transactions for Dollar Store.

Nov.		1		Dollar Store purchases merchandise for $1,200 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 $150 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund.
		10		Dollar Store pays $60 cash for transportation costs for the November 1 purchase.
		13		Dollar Store sells merchandise for $1,296 with terms n/30. The cost of the merchandise is $648.
		16		Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $285 and cost $143 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.

The returned items cost $143 the items were not damaged and were returned to inventory.

Journalize