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Help Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,600 on terns of 2/5, 1/30, TOB shipping point,

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Help Following are the merchandising transactions for Dollar Store. Nov. 1 Dollar Store purchases merchandise for $2,600 on terns of 2/5, 1/30, TOB shipping point, Invoice dated November 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar store discovers and returns $250 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $130 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $2,808 with terms n/30. The cost of the merchandise is $1,404. 16 Merchandise is retur pied to the Dollar Store from the November 13 transaction. The returned items are priced at $300 and cost $150; the items were not damaged and were returned to inventory. 00-59.27 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

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