Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,500 on terms of 2/5, n/3, FOB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $125 cash for transportation costs for the November 1 purchase 13 Dollar Store sells merchandise for $2,700 with terms n/30. The cost of the merchandise is $1,350 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $290 and cost $145; 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. View transaction list Journal entry worksheet Dollar Store purchases merchandise for $2,500 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