v. 1 Dollar Store purchases merchandise for $1,500 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 $200 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 10 Dollar Store pays $90 cash for transportation costs for the November 1 purchase. 13 Dollar Store sells merchandise for $1,600 with terms n/30. The cost of the merchandise Is $88. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $160 and cost to the items were not damaged and were returned to Inventory Joumalize the above merchandising transactions for the Dollar Store assuming uses a perpetual inventory system and the grass method. View action ist Journal entry worksheet 1 2 3 4 5 6 78 > Dollar Store purchases merchandise for 51.500 on terms of 2/5, n/30. FOD chipping point invoice dated November 1 Crodit a