Homework: Merchandising Operations Exercises Assignment i 4 Following are the merchandising transactions of Dollar Store. November 1 Dollar Store purchases merchandise for $1,900 on terms of 2/5,n/30, FOB shipping point, invoice dated November 1 . 2 points November 5 Dollar Store pays cash for the November 1 purchase. for a cash refund. November 10 Dollar Store pays $95 cash for transportation costs for the November 1 purchase. November 13 Dollar Store sells merchandise for $2,052 with terms n/30. The cost of the merchandise is $1,026. cost \$148; 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 $1,900 on terms of 2/5,n/30,FOB shipping point, invoice dated November 1. Note: Enter debits before credits. Journal entry worksheet 4567 Dollar Store pays cash for the November 1 purchase. Note: Enter debits before credits. Journal entry worksheet 8 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on November 5 , for a cash refund. Note: Enter debits before credits. Journal entry worksheet $95 cash for transportation costs for the November 1 purchase. Note: Enter debits before credits. Journal entry worksheet