Journalize the following transactions for Moakley Bicycles using the periodic inventory system. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.)

TRANSACTIONS:

Nov.	2	Purchased $2,900 of merchandise inventory on account under terms 33/10, n/EOM and FOB shipping point.
	6	Returned $700 of defective merchandise purchased on November 2.
	8	Paid freight bill of $140 on November 2 purchase.
	10	Sold merchandise inventory on account for $6,700. Payment terms were 33/15, n/45.
	11	Paid amount owed on credit purchase of November 2, less the return and the discount.
	22	Received cash from November 10 customer in full settlement of their debt, less the discount.

Date			Accounts	Debit	Credit
Nov. 2