Following are the merchandising transactions for Dollar Store Nov. 1 Dollar Store purchases merchandise for $2,700 on terms of 2/5, 1/30, 100 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, and paid for on November 5, for cash refund 10 Dollar Store pays $135 cash for transportation costs for the November 1 purchase 13 Dollar Store sells merchandise for $2,916 with tens 30. The cost of the merchandise is $1,453 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 inventory Joumalize the above merchandising transactions for the Dollar Store assuming at uses a perpetual inventory system: Hint remember that a discount was taken when the company paid for the goods it later returned For transactions that require two journal entries, record the enties on separate screens. Prepare the first entry and record it in the Journal You will then be given the opportunity to record the second entry for the transaction View transactions Journal entry worksheet