Following are the merchandising transactions of Dollar Store. November 1 Dollar Store purchases merchandise for $1,200 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. November 5 Dollar Store pays cash for the November 1 purchase. November 7 Dollar Store discovers and returns $150 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. November 10 Dollar Store pays $60 cash for transportation costs for the November 1 purchase. November 13 Dollar Store sells merchandise for $1,296 with terms n/30. The cost of the merchandise is $648. November 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $275 and cost $138; 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 3 7 B Dollar Store purchases merchandise for $1,200 on terms of 2/5, n/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 View transaction list Journal entry worksheet Journal entry worksheet View transaction list Journal entry worksheet View transaction list Journal entry worksheet