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32 - Chapters 04-05 ter 65 Cast of the Cornet Engage ACCOUNTINO - 04-08- Saved Help Save & Exit Submit Check my work Following are the merchandising transactions of Dollar Store, 43:28 November 1 Dollar Store purchases merchandise for $1,100 on terms of 2/5, 1/30, on shipping point, invoice dated November 1. November 5 Dollar Store pays cash for the November 1 purchase. November 7 Dollar Store discovers and returns $150 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. November 10 Dollar Store pays $55 cash for transportation costs for the November 1 purchase. November 13 Dollar Store nella merchandise for $1,189 with termen/30. The cost of the merchandise is $594. November 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $275 and cost $138, 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 2 4 3 7 > 8 Dollar Store pays cash for the November 1 purchase. Note: Enter debits before credits Prev 1 of 5 !!! Next >