Amy Douglas owns a business called Douglas Distributors. The following transactions took place during January of the current year. January Transactions: Jan. 5 Purchased merchandise on account from Elite Warehouse, $3,930. 8 Paid freight charge on merchandise purchased, $280. 12 Sold merchandise on account to Memories Unlimited, $4,820. 15 Received a credit memo from Elite Warehouse for merchandise returned, $800. 22 Issued a credit memo to Memories Unlimited for merchandise returned, $360. Required: Journalize the transactions in a general journal using the periodic inventory method.