Following are the merchandising transactions of Dollar Store. Novenber 1 Dollat store purchases merchondise for $1,700 on terms of 2/5,n/30, rob shipping point, involce dated Novenber 1 . Novenber's Dollar store pays eash for the Noveaber 1 purchase. Novenber 7 Dollar store dincovern and returns $100 of defective serehandise parchased on Novenber 1 , and paid for on Novenber 5, for a cash refund. Novesber 19 Dollar store pays $85 cash for transpottation costil for the novenber 1 purchase. Noveaber is Dollar store selis nerchandise for $1,836 vith terms a/30. Fhe cost of the merchandise is $918. Hovenber 16 Merchandise is returned to the Dollar store fron the Novenber 13 transaction. The returned item are priced at $235 and cost $118; the ltesa were not dasaged and were returned to inventory. method