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Following are the merchandising transactions of Dollar Store. hovenber 1 Dollar Store purchases merchandise for $1,100 an terms of 2/5,n/30, FCe shipping point, invoice dated

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Following are the merchandising transactions of Dollar Store. hovenber 1 Dollar Store purchases merchandise for $1,100 an terms of 2/5,n/30, FCe shipping point, invoice dated Movenber 1 . Nioventer 5 Dollar stere pays cash for the Novenber 1 purchase. November 7 Dollar Store discovers and returns $150 of defective merchandise purchased on Novenber 1 , and paid for on Noveaber 5 , for a cash refund. Noveaber 10 Dollar store pays $55 cash for transportation costs for the November 1 purchase. Novenber if Merchandise is returned to the Dollar Store fron the Hovenber 13 transaction. The returned itens are peiced at 3240 and cost $120; the itens were not demaged and were returned to inventery. Journalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method

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