Journalize the merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method.

Nov 1, Dollar Store purchases merchandise for $1,500 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1.

Nov 5. Dollar Store pays cash for the November 1 purchase.

Nov 7. Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund.

Nov 10. Dollar Store pays $90 cash for transportation costs for the November 1 purchase.

Nov 13. Dollar Store sells merchandise for $1,600 with terms n/30.

Nov 13. The cost of the merchandise is $800.

Nov 16. Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $160.

Nov 16. The returned items cost $80 the items were not damaged and were returned to inventory.