Saved Help Save & Exit Following are the merchandising transactions for Dollar Store. purchases merchandise for $2, 900 on terms of 2/5, n/30, FoB shipping point, invoice dated November 1. 5 Dollar Store pays cash for the November 1 purchase. 7 Dollar Store discovers and roturns $250 of defec tive merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Doll 13 Dollar Store sells merchandise for $3,132 with terms n/30. The cost of the merchandise is ar Store pays $145 cash for transportation costs for the November 1 purchase $1,566. rchandise is returned to the Dollar Store. from the November 13 transaction. The returned items are priced at $240 and cost $120 the itoma wore not damaged and 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 Dollar Store purchases merchandise for $2,900 on terms of 2/5, n/30, FOB