Journal EntriesPeriodic Inventory

1. Journalize the transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank.

Paul Nasipak owns a business called Diamond Distributors. The following transactions took place during January of the current year.

Will rate.

Instructions al Entries-Periodic Inventory 1. ze the transactions in a general joumal using the periodic inventory method. If an amount box does not require an entry, leave it blank. Paul Nasipak owns a business called Diamond Distributors. The following transactions took place during January of the current year. Jan. 5 Purchased merchandise on account from Prestigious Jewelers, $2,200. 8 Paid freight charge on merchandise purchased, $290, 12 sold merchandise on account to Diamonds unlimited, $4,410. 15 Received a credit memo from Prestigious Jewelers for merchandise returned, $770. 22 Issued a credit memo to Diamonds Unlimited far merchandise returned, $870. General Journal 1. Joumalize the transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank. Page DATE ACCOUNT TITLE DOC, DEBIT CREDIT NO. REF. 1 20- Jan. 5 4 8 BE 7 12 10 15 10 13 22 15