Exercise 4-12 (Algo) Recording purchases, sales, returns, and shipping LO P1, P2 Following are the merchandising transactions of Dollar Store. november 1 Dollar store purchasen morchandise for $1,400 on terms of 2/5, n/30, PoB shipping point, invoice dated Novenber 1 . November 5 Dollar store pays cash for the Novenber 1 purchase. November 7 Dollar store discovers and returns $250 of defective merchandise purchabed on Novenber 1 , and paid for on november 5 , for a cash refund. November 10 Dollar store paye $70 cash for transportation costs for the Novenber 1 purchase. November 13 Dollar store sells merchandise for $1,512 with terms n/30. The cost of the merehandise is $756. November 16 Merchandise in returned to the bollar store from the November 13 transaction. The returned items are priced at $275 and cost $138 i the itens vere 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