Journalize the following sales transactions for

SandmanSandman

Camera Store using the periodic inventory system. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.)

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Dec.Dec.

3:

SandmanSandman

sold

$44,800

of camera equipment on account, credit terms are

33/15,

n/EOM.

Date

Accounts

Debit

Credit

Dec. 3

Accounts Receivable

44800

Sales Revenue

44800

Dec.Dec.

5:

SandmanSandman

received a

$ 900$900

sales return on damaged goods from the customer.

Date			Accounts	Debit	Credit
Dec. 5			Accounts Payable	900
			Merchandise Inventory

Dec.Dec.

17:

SandmanSandman

receives payment from the customer on the amount due, less the return and discount.

Date			Accounts	Debit	Credit
Dec. 17			Accounts Receivable	43900
			Merchandise Inventory