November 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The...
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Accounting
November 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $260 and cost $130; 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
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