The Nostalgic Book Shop uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred during the month of November. Journalize the November transactions that should be recorded in the General Journal, assuming a perpetual inventory system.
Nov. 2 Purchased merchandise on credit for $2,900 from the Ringdol Co., terms 2/10, n/30.
12 The owner, )esse Cooke, contributed an automobile worth $15,000 to the business.
16 Sold merchandise on credit to R. Wyder for $1,100, terms n/30; cost, $700.
19 R. Wyder returned $150 (cost, $95) of merchandise originally purchased on November 16. The merchandise was returned to inventory.
28 Returned $1 70 of defective merchandise to the Ringdol Co. from the November 2 purchase.