omework Saved Help Save & Ch Exercise 4-9 Recording purchases, sales, returns, and shipping LO P1, P2 27:45 Following are the merchandising transactions of Dollar Store. Nov. 1 Dollar Store purchases nerchandise for $2,500 on terms of 2/5, n/30, Pod shipping point, invoice dated November 5 Dollar Store pays cash for the November 1 purchase 7 Dollar Store discovers and returns $200 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund 10 Dollar Store pays $125 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $2,700 with term n/30. The cost of the merchandise is $1,350. 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 ence View transaction dat Journal entry worksheet 2 3 5 6 7 Dollar Store purchases merchandise for $2,500 on terms of 2/5, 1/30, FOB shipping point, invoice dated November 1