Following are the merchandising transactions for Dollar Store Saved Help Sove & Exit Subm Nov. 1 Dollar Store purchases merchandise for $2,700 on terms of 2/5, 1/30, TOB 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 cash refund. 10 Dollar Store pays $135 cash for transportation costs for the November I purchase 13 Dollar Store sells merchandise for $2,916 with term n/30. The cost of the merchandise is $1.458 16 Merchandise is returned to the Dollar Store from the November 23 transaction. The returned items are priced at $300 and cost 5150; 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 Hint remember that a discount was taken when the company paid for the goods it later retomed For transactions that require two journal entries record the entries 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 transaction lit Journal entry worksheet