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Following are the merchandising transactions of Dollar Store. November 1 Dollar Store purchases merchandise for $2,800 on terms of 2/5,n/30,F0B shipping point, invoice dated Novenber

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Following are the merchandising transactions of Dollar Store. November 1 Dollar Store purchases merchandise for $2,800 on terms of 2/5,n/30,F0B shipping point, invoice dated Novenber 1 . November 5 Dollar 5 tore pays cash for the November 1 purchase. Novenber 7 Dollar Store discovers and returns $250 of defective merchandise purchased on Novenber 1 , and paid. for on November 5 , for a cash refund. November 10 Dollar Store pays $140 cash for transportation costs for the November 1 purchase. Novenber 13 Dotlar Store sells nerchandise for $3,024with terms n/30. The cost of the merchandise is $1,512. November 16 Merchandise is returned to the Dollar Store from the Novenber 13 transaction. The returned ittens are priced at $235 and cost $118; the itens were not damaged and were returned to inventory. Joumalize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method

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