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Joe Owns an Auto Parts Store Called Joe's Auto Care November 7\text {November 7}

Question 38

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Joe owns an auto parts store called Joe's Auto Care.The following transactions took place during November of the current year.
November 7\text {November 7} \quad Turchased merchandise on account from Wheeler Auto for $4,300.\text {Turchased merchandise on account from Wheeler Auto for \(\$ 4,300\).}
November 9\text {November 9} \quad Paid freight charges of $230 on merchandise purchases on the 7 th.\text {Paid freight charges of \(\$ 230\) on merchandise purchases on the 7 th.}
November 11\text {November 11} \quad Sold merchandise on acrount to Lancaster Auto 5 ales for $3,500. The cost of the merchandise was $2,500.\text {Sold merchandise on acrount to Lancaster Auto 5 ales for \(\$ 3,500\). The cost of the merchandise was \(\$ 2,500\).}
November 13\text {November 13} \quad Received a credit memo from Wheeler for merchandise returned, $670.\text {Received a credit memo from Wheeler for merchandise returned, \(\$ 670\).}
November 20 \text {November 20 } \quad Issued a credit memo to Lancaster Auto 5ales for merchandise returned, $B20. The cost of\text {Issued a credit memo to Lancaster Auto 5ales for merchandise returned, \$B20. The cost of} Journalize the above transactions using the perpetual inventory system.

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