07 Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,700 on terms of 2/3, 1/30, FOB shipping point, Invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for an loveber 5, for cash refund. 10 Dollar Store pays $135 cash for transportation costs for the Hoveber 1 purchase 13 Dollar Store sells merchandise for $2,916 with terms /30. The cost of the mechandise i 3,450 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned tons are priced at $100 and cost 5150; the items were not damaged and were returned to inventory Journalize the above merchandising transactions for the Dollar Store assumingitudes a perpetuo iventory system Hinterember that a discount was taken when the company paid for the goods it later returned For transactions that require two journal entries, record the entilov on separate screen prepare the first entry and record it in the Journal. You will then be given the opportunity to record the second entry for the transaction View transaction ist Journal entry worksheet