Award: 2.50 points Exercise 4-9 Recording purchases, sales, returns, and shipping LO P1, P2 Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,700 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and retums $150 of defective merchandise purchased on November 1, and paid for on Novembe 5, for a cash refund. 10 Dolar Store pays $135 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $2,916 with terms n/30. The cost of the merchandise is $1,458. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $300 an cost $150; the items were not damaged and were returned to inventory. Jounalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system arnd the gross method. iew transaction list Journal entry worksheet Dollar Store purchases merchandise for $2,700 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. Note: Enter debits before credits Date General Journal Debit Credit Nov 01 View general journal