Following are the merchandising transactions for Dollar Store, Nov. 1 Dollar Store purchases merchandise for $2,700 on terms of 2/5, 1/30, FOB shipping point, Invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 bollar store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on Novenber 5, for a cash refund. 10 Dollar Store pays $135 cash for transportation costs for the Hovember 1 purchase 13 Dollar Store sells merchandise for $2,916 with tens w30. The cost of the merchandise is $1,458 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $300 and cost $150; the items were not damaged and were returned to twentory Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system Hint remember that a discount was taken when the company pald for the goods it later returned For transactions that require two journal entries, record the entries on separate screens. Prepare the fest entry and record it in the Journal You will then be given the opportunity to record the second entry for the transaction View transaction list View journal entry worksheet No Date General Journal Debid Credit Nov 01 No Transaction Recorded