Following are the merchandising transactions for STIU Co. Nov. 1 STIU Co. purchases merchandise for $1,800 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. 5 STIU Co. pays cash for the November 1 purchase. 7 STIU Co. discovers and returns $250 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 STIU Co. pays $90 cash for transportation costs for the November 1 purchase. 13 STIU Co sells merchandise for $1,944 with terms n/30. The cost of the merchandise is $972. 16 Merchandise is returned to STIU Co. from the November 13 transaction. The returned items are priced at $235 and cost $118; the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the STIU Co. assuming it uses a perpetual inventory system and the gross method. View transaction list Journal entry worksheet Dollar Store purchases merchandise for $1,800 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. Note: Enter debits before credits. Date General Journal Debit Credit Nov 01 Record entry Clear entry View general journal