November 16 Merchandise is returned to the Dollar Store from the November 13 trans cost $108; the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the Dollar Store assuming it use method. Journal entry worksheet 1 2 3 8 Dollar Store sells merchandise for $2,916 with terms n/30. Note: Enter debits before credits. Following are the merchandising transactions of Dollar Store November 1 Dollar Store purchases merchandise for $2,700 on terns of 2/5,n/30, F08 shipping point, invoice dated November 1 , November 5 Dollar Store pays eash for the November 1 purchase. Novenber 7 Dollar Store discovers and returns 525 e of defective nerchandise purchased on November 1 , and paid for on November 5 for a cash refund. November 10 Dollar Store pays $135 eash for transportation costs for the Novenber 1 purchase. November 13 Dollar Store sells merchandise for $2,916 with terms n/30. The cost of the nerchandise is $1,458. Noveaber 16 Merchandise is returned to the 0ollar Store from the Movenber 13 transaction. The returned items are priced ot s215 and cost 5108 ; the Itens were not danaged 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. cost $108; the items were not damaged and were returned to inventory. urnalize the above merchandising transactions for the Dollar Store assuming it uses ethod. Journal entry worksheet 2 3 4 8 The cost of the merchandise is $1,458. Note: Enter debits before credits. Journal entry worksheet Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $215. Note: Enter debits before credits. Journal entry worksheet 1 2 3 The returned items cost $108; the items were not damaged and were returned to inventory. Note: Enter debits before credits. November 16 Merchandise is returned to the Dollar Store from the November 13 trans cost $108; the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the Dollar Store assuming it use method. Journal entry worksheet 1 2 3 8 Dollar Store sells merchandise for $2,916 with terms n/30. Note: Enter debits before credits. Following are the merchandising transactions of Dollar Store November 1 Dollar Store purchases merchandise for $2,700 on terns of 2/5,n/30, F08 shipping point, invoice dated November 1 , November 5 Dollar Store pays eash for the November 1 purchase. Novenber 7 Dollar Store discovers and returns 525 e of defective nerchandise purchased on November 1 , and paid for on November 5 for a cash refund. November 10 Dollar Store pays $135 eash for transportation costs for the Novenber 1 purchase. November 13 Dollar Store sells merchandise for $2,916 with terms n/30. The cost of the nerchandise is $1,458. Noveaber 16 Merchandise is returned to the 0ollar Store from the Movenber 13 transaction. The returned items are priced ot s215 and cost 5108 ; the Itens were not danaged 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. cost $108; the items were not damaged and were returned to inventory. urnalize the above merchandising transactions for the Dollar Store assuming it uses ethod. Journal entry worksheet 2 3 4 8 The cost of the merchandise is $1,458. Note: Enter debits before credits. Journal entry worksheet Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $215. Note: Enter debits before credits. Journal entry worksheet 1 2 3 The returned items cost $108; the items were not damaged and were returned to inventory. Note: Enter debits before credits
