November 1 Dollar Store purchases merchandise for 2,500 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. November 5 Dollar Store pays cash for the November 1 purchase. November 7 Dollar Store discovers and returns 100 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. November 10 Dollar Store pays 125 cash for transportation costs for the November 1 purchase. November 13 Dollar Store sells merchandise for 2,700 with terms n/30. The cost of the merchandise is 1,350. November 16 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at 270 and cost 135; 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. 1 Dollar Store purchases merchandise for 2,500 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1. 2 Dollar Store pays cash for the November 1 purchase. 3 Dollar Store discovers and returns 100 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund. 4 Dollar Store pays 125 cash for transportation costs for the November 1 purchase. 5 Dollar Store sells merchandise for 2,700 with terms n/30. 6 The cost of the merchandise is 1,350. 7 Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at 270. 8 The returned items cost 135; the items were not damaged and were returned to inventory.