Following are the merchandising transactions for Dollar Store Nov. 1 Dollar Store purchases merchandise for $2,900 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 Dollar Store discovers and returns $100 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $145 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $3,132 with teres n/30. The cost of the merchandise is $1,566. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $270 and cost $135; 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 1 2 5 8 > Dollar Store purchases merchandise for $2,900 on terms of 2/5, 1/30, FOB shipping point, Invoice dated November 1. w Note: Enter debits before credits Date General Journal Debit Credit Nov 01 Journal entry worksheet 7 8 Dollar Store pays cash for the November 1 purchase. Note: Enter debits before credits. General Journal Date Nov 05 Debit Credit Record entry Clear entry View general journal Journal entry worksheet Dollar Store discovers and returns $100 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. Note: Enter debits before credits. General Journal Debit Credit Date Nov 07 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Dollar Store pays $145 cash for transportation costs for the November 1 purchase. Note: Enter debits before credits General Journal Debit Credit Date Nov 10 Record entry Clear entry View general Journal Journal entry worksheet Dollar Store sells merchandise for $3,132 with terms n/30. Note: Enter debits before credits. General Journal Debit Credit Date Nov 13 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 8 7 9 The cost of the merchandise is $1,566. Note: Enter debits before credits. General Journal Debit Credit Date Nov 13 Record entry Clear entry View general journal Journal entry worksheet