Help Save & E Ches Following are the merchandising transactions of Dollar Store, Nov. 1 Dollar Store purchases merchandise for $1,500 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 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 $800. 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $160 and cost $80; the items were not damaged and were returned to inventory. alize the above merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross nod. View transaction list Journal entry worksheet 1 2 3 5 6 7 8 Dollar Store purchases merchandise for $1,500 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. O search (hp Journal entry worksheet 1 3 N 4 5 6 8 Dollar Store purchases merchandise for $1,500 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. Note: Enter debits before credits. Date General Journal Debit Credit Nov 01 Record entry Clear entry View general journal Nort Journal entry worksheet 1 2 3 4 5 6 8 Dollar Store pays cash for the November 1 purchase. Note: Enter debits before credits. Date General Journal Debit Credit Nov 05 Record entry Clear entry View general joumal Journal entry worksheet