Journalize the following transactions for Moto Bicycles using the periodic inventory system. Explanation required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the comp net amount to record sales.) in (Click the icon to view the transactions.) ivov. 10: Sold merchandise inventory on account for $6,800. Payment terms were 1/15,n/45 More info Net purchase Discount %= Purchase discount = \begin{tabular}{c||c||c||c|} Date & Accounts & Debit & Credit \\ \hline \hline Nov. 22 & & & \\ & & & \\ \hline \end{tabular}