Amy Douglas owns a business called Douglas Distributors. The following transactions took place during January of the current year. Journalize the transactions in a general journal using the periodic inventory method.

Jan. 5 Purchased merchandise on account from Elite Warehouse, $4,100.

8 Paid freight charge on merchandise purchased, $300.

12 Sold merchandise on account to Memories Unlimited, $5,200.

15 Received a credit memo from Elite Warehouse for merchandise returned, $700.

22 Issued a credit memo to Memories Unlimited for merchandise returned, $400.