Nov. 1 Dollar Store purchases merchandise for $3,800 on terms of 2/5, 1/30, FOB shipping point, invoice dated November 1. 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. 18 Dollar Store pays $158 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $3,248 with terns n/30. The cost of the merchandise is $1,629. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $210 and cost $105; the items 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 View transaction list Journal entry worksheet 1 2 3 4 7 8 5 5 6 Dollar Store discovers and returns $250 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. Note: Enter debits before credits. Credit Date General Journal Cash Merchandise inventory Debit 245 Nov 07 245 Record entry Clear entry View general journal Journal entry worksheet 5 5 6 7 8 Dollar Store pays $150 cash for transportation costs for the November 1 purchase. Note: Enter debits before credits. Date Credit General Joumal Merchandise inventory Cash Debit 150 Nov 10 150 Record entry Clear entry View general journal Journal entry worksheet Dollar Store sells merchandise for $3,240 with terms n/30. Note: Enter debits before credits. Date Debit Credit Nov 13 General Journal Accounts receivable Sales 3,240 3,240 Record entry Clear entry View general journal Journal entry worksheet The cost of the merchandise is $1,620. Note: Enter debits before credits. Date Debit Credit Nov 13 General Journal Cost of goods sold Merchandise inventory 1,620 1,620 Record entry Clear entry View general journal Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $210. Note: Enter debits before credits. Date Debit Credit Nov 16 General Journal Sales returns and allowances Accounts receivable 210 210 Record entry Clear entry View general journal Journal entry worksheet The returned items cost $105; the items were not damaged and were returned to inventory. Note: Enter debits before credits. Debit Credit Date Nov 16 General Journal Merchandise inventory Cost of goods sold 105 105 Record entry Clear entry View general journal