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Stuck on this question 3. Journalize the following sales transactions for Sammon Camera Store using the periodic inventory system. Explanations are not required. (Record debits
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3. Journalize the following sales transactions for Sammon Camera Store using the periodic inventory system. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company records sales at the net amount.) (Click the icon to view the transactions.) Dec. 3: Sammon sold $42,400 of camera equipment on account, credit terms are 3/15, n/EOM. Date Accounts Debit Credit Dec. 3 (1) (2) (3) (4) Dec. 17: Sammon receives payment from the customer on the amount due less the discount. Date Accounts Debit Credit Dec. 17 (5) (6) (7) (8) 1: Data Table Dec. 3 Sammon sold $42,400 of camera equipment on account, credit terms are 3/15, n/EOM. 17 Sammon receives payment from the customer on the amount due less the discountStep by Step Solution
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