-ANALYSIS OF TRANSACTIONS- INSTRUCTION S: For a merchandise enterprise using the periodic inventory system, indicate the accounts to be debited and credited in recording the selected transactions described below. Insert the letter designations for the accounts in the appropriate columns. ACCOUNTS I. Sales Discounts J. Sales Returns and Allowances K. Transportation In. L. Transportation Out A. Accounts Payable B. Accounts Receivable E. Purchases F. Purchases Discounts Bank Credit Card Expense Cash Purchases Returns and Allowances C. D. G. H. Sales For Credit Scoring For TRANSACTIONS Debit Scorin 0. Purchased merchandise for cash 3 3-4. Paid transportation charges on merchandise purchased FOB shipping point 5-6, Sold merchandise on account 7-8. Received a portion of the merchandise sold in (No. 5-6) as a return 9-10. Paid for merchandise purchase in (No. 1-2) within the discount period . 11-12. Sold merchandise to customers using bank credit cards 13-14. Received cash on sales made in (No. 5-6) within the discount period 15-16. Paid service charges on bank credit card sales.. 17-18. Paid transportation costs on merchandise sold FOB destination...... 10 12. 14. 13. 15. 17,16. 18