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Following are the merchandising transactions for Dollar Store Nov. 1 Dollar store purchases merchandise for $1,600 on terms of 2/5, n/30, FoB shipping point, invoice

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Following are the merchandising transactions for Dollar Store Nov. 1 Dollar store purchases merchandise for $1,600 on terms of 2/5, n/30, 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 $80 cash for transportation costs for the November 1 purchase 13 Dollar Store sells merchandise for $1,728 with terms n/30. The cost of the merchandise is $864. 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

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