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Following are the merchandising transactions of Dollar Store. Hov: 1 Dollar Store purchases nerchandise for $2,100 on teres of 2/5,n/30, Foe shipping point, Invoice dated

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Following are the merchandising transactions of Dollar Store. Hov: 1 Dollar Store purchases nerchandise for $2,100 on teres of 2/5,n/30, Foe shipping point, Invoice dated Noveraber 1 . 5 Dollar store pays cash for the November 1 purchase. 7 Dollar Store discovers and returns $150 of defective merchandise purchased on Novenber:1, and paid for on Movener. 5 , for a cash refund, (Note from Dr. Beck; because Dollor store has atready paid the involce and therefore took the discount, the refund is for the "discounted" anount actually pajd for the returned iteos rather thon the original price) 10 Dollan Store pays $105 cash for transportatlon costs for the Novenber 1 purchase. 13 Dolkar store sells merchandise for $2,268 with teras n/30. The cost of the merchandise is $1,134. 16 Merchandise is returned to the Dollar Store from the Novenber 13 transaction. The returned itess are priced at $390 and cost $150; 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. Journal entry worksheet 2345678 Dollar store purchases merchandise for $2,100 on terms of 2/5,n/30,rOB shipping point, Invoice dated November 1. Note: Enter debits before credits

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