Exercise 5-12 (Algo) Recording purchases, sales, returns, and shipping LO P1, P2 Following are the merchandising transactions of Dollar Store. November 1 Dollar Store purchases merchandise for $1,660 on terms of 2/5, n/30, F08 shipping point, invoice dated Noverber 1. Novenber 5 pollar Store pays cash for the Novenber 1 purchase. Noveaber 7 Dollar Store discovers and returns $200 of defective nerchandise purchased on Novenber 1 , and paid for on Novenber 5 , for a cash refund. November 10 0ollar Store pays $80 cash for transportation costs for the Noveaber 1 purchase. Novenber 13 Dollar Store sells merchandise for $1,728 with terins n/30. The cost of the merchandise is 5864. Noveiber 16 Perchandise is returned to the oollar Store fron the Novenber 13 tronsaction. The returned itens are priced at $270 and cost \$135; the items were not dasaged and were cetarned to inventory. Joumalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method Journal entry worksheet 345678 Dollar store purchases merchandise for $1,600 on terms of 2/5,n/30,FOB shipping point, involce dated November 1. Notet Enter debits before credits