Question: Journalize the following sales transactions for Shelton Camera Store using

Journalize the following sales transactions for Shelton Camera Store using the periodic inventory system. Explanations are not required.
Dec. 3 Shelton sold $ 36,600 of camera equipment on account, credit terms are 1/15, n/EOM.
5 Shelton received a $ 1,200 sales return on damaged goods from the customer.
17 Shelton receives payment from the customer on the amount due, less the return and discount.


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  • CreatedJanuary 16, 2015
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