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3 Following are the merchandising transactions of Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,200 on terms of 275, 1/30, POB shipping point, Invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and return $150 ot defective marchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $110 cash for transportation conts for the November 1 purchase. 13 Dollar Store della merchandise for $2,376 with terms n/30. The cost of the merchandise is 51,188. 16 Merchandise in returned to the Dollar Store from the November 13 transaction. The returned items are priced at $295 and cont 6149; 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 Answer is complete but not entirely correct. No Date General Journal 1 Creu Nov 01 Debit 2.200 Merchandise Invertory Accounts payable ol 2.200 2 Nov 05 Accounts payable Merchandise Inventory Cash 2.200 DOO 44 Oo 2.156 3 Nov 07 Cash Merchandise Inventory glo 1503 1503 4 Nov 10 Merchandise inventory Cash lo 110 110 5 Nov 13 Accounts receivable Sales ol 2,378 2,376 6 Nov 13 Cost of goods sold Merchandise inventory Olo 1.188 7 Nov 16 1.188 Sales returns and allowances Accounts receivable 295 8 Nov 18 295 Merchandise inventory Cost of goods sold 148 148