Journalize the following sales transactions for Straight Shot Archery using the periodic inventory system. E (Record debits first, then credits. Exclude explanations from journal entries. Assume the company uses th - X iMore Info Aug 1 Sold $6,500 of equipment 8 Straight Shot received payment from the customer on the amount due from August 1, less the discount 15 Sold $3,100 of equipment on account, credit terms are n/45, FOB destination 15 Straight Shot paid $90 on freight out 20 Straight Shot negotiated a $500 allowance on the goods sold on August 15 24 Received payment from the customer on the amount due from August 15, less the allowance. account, credit terms are 1/10, n/30. on Print Done