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Journal entry worksheet 1 2 4 Note: tnter debits before credits. Following are the merchandising transactions of Dollar Store. Novenber 1 Dollar store purchases merchandise

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Journal entry worksheet 1 2 4 Note: tnter debits before credits. Following are the merchandising transactions of Dollar Store. Novenber 1 Dollar store purchases merchandise for $2.900 on teras of 2/5,n/30, FoB shipping point, invoice dated November 1 . Novenber 5 Dollar Store pays cash for the Novenber 1 purchase. Noveeber 7 Dollar store dincovers and returns $200 of defective merchandine purchased on Novenber 1 , and paid for on Novenber 5 , for a cash retund. November 10 Dollar Store pays $145 cash for transportation costs for the Novenber 1 purchase. November 13 Dollar store sells serchandise for $3,132 with terns n/30. The cost of the nerehandise is $1, 566 . November 16 Merchandise is returned to the Dollar store from the November 13 traneaction. The returned items are priced at $295 and cost $148; the items were not danaged and wore 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 78 Dollar Store discovers and returns $200 of defective melchandise purchased on November 1 , and paid for on November 5 , for a cash refund. Note: Enter debits before credits. Journal entry worksheet (2) Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $295. Note: Enter debits before credits. Journal entry worksheet 1 7 Dollar Store sells merchandise for $3,132 with terms n/30. Note: Enter debits before credits. Journal entry worksheet Dollar Store pays $145 cash for transportation costs for the November 1 purchase. Note: Enter debits before credits. Journal entry worksheet Dollar Store sells merchandise for $3,132 with terms n/30. Note: Enter debits before credits. Journal entry worksheet 56 The returned items cost $148; the items were not damaged and were returned to inventory. Note: Enter debits before credits. Journal entry worksheet 4678 Dollar Store purchases merchandise for $2,900 on terms of 2/5,n/30, FOB shipping point, invoice dated November 1. Note: Enter debits before credits. Journal entry worksheet 456 Dollar Store pays cash for the November 1 purchase. Note: Enter debits before credits

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