Following are the merchandising transactions of Hornet Store. Nov. 1 Mornet Store purchanes merchandine inventory for $1,600 on termy of 2/3,n/10, rob shipping point, involce date November 1. 5 Hornet store pays cash for the November 1 purchase. 7 Bornot store dincover and returne $150 of defective merchandise inventory purchased on sovember 1 , and paid fo on November 5, for a canh refund. 10 Hornet store pays 980 eash for trannportation conts for the november 1 purchase. 13 Hornet store selis merehandine inventory for $1,728v1th teras 1/10,n/30. The cont of the merchandine inventor in $864. 16 Merehandise inventory is returned to the Hornet store from the Movember 13 transaction. The returned itens ar priced at $240 and cont $120; the items were not damaged and were returned to inventory. Journalize the above merchandising transactions for the Hornet Store assuming it uses a perpetual inventory system and the gross method. Hornet Store purchases merchandise inventory for $1,600 on terms of 2/3, n/10,FOB shipping point, invoice dated November 1. Note: Enter debits before credits