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 $2,700 on terms of 2/5, A/3e, f08 shipping point, invoice dated lovocber 1. November 5 Dollar Store pays cash for the November 1 purchase. November 7 Dollar Store discovers and returns $250 of defective merchandise purchased on Movenber 1, and oald for co Novesser 5 . for a cash refund. November 10 Dollar Store pays $135 cash for transportation costs for the November 1 purchase. November 13 Dollar Store sel1s merchandise for $2,916 with terms n/30. The cost of the merchandise is $1,458. November 16 Merchandise is returned to the Dollar Store from the Novenber 13 transaction. The returned itens are oriced ot s215 and cost $108; the items were not damaged and were returned to imventory. Joumalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method