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Following are the merchandising transactions of Dollar Store. Novenber 1 Dollar Store purchases nerchandise for $1,500 on terns of 2/5,n/30, foe shipping point, Invaice dated

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Following are the merchandising transactions of Dollar Store. Novenber 1 Dollar Store purchases nerchandise for $1,500 on terns of 2/5,n/30, foe shipping point, Invaice dated lioveaber 1. Novenber 5 Dollar Store pays cash for the liovenber 1 purchase. Noveaber 7 Dollar Store discovers and returns $200 of defective nerchandise purchased on Noveaber 1 , and pald for an Niovenber 5 , for a cash refund. Novenber 10 Dollar Store pays $90 cash for transportation costs for the Novenber 1 purchase. Novenber 13 Dollar Store sells nerchandise for $1,600 with terms n/30. The cost of the eerchandise is 8 ape. Noveaber 16 Merchandise is returned to the 0ollar Store froe the Noveaber 13 transaction. The returned iteas are priced at $16e and cost 380 ; the itens 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

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