Following are the merchandising transactions of Dollar Store Nov. 1 Dollar Store purchases merchandise for $1,700 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 $150 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $85 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $1,836 with terns n/30. The cost of the merchandise is 5918. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $245 and cost $123; 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 ist Journal entry worksheet Dollar Store purchases merchandise for $1,700 on terms of 2/5, 1/30, FOB Shipping point, Invoice dated November 1. Note Enter debits before credits Date Nov 01 General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet > 5 7 8 6 Nov 01 Record entry Clear entry View general journal