Journalize the following sales transactions for Shelton Camera Store using the periodic inventory system. Explanations are not

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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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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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