Question: Consider the following transactions for RC Photo: January 3 RC Photo Shop sold $45,800 of camera equipment on account, credit terms 3/15, n/EOM. January

Consider the following transactions for RC Photo: January 3 RC Photo Shop sold $45,800 of camera equipment on

Consider the following transactions for RC Photo: January 3 RC Photo Shop sold $45,800 of camera equipment on account, credit terms 3/15, n/EOM. January 10 RC Photo Shop received a sales returns totaling $700 for damaged goods from the customer. January 13 RC Photo Shop receives payment from the customer on the amount due, less the return and discount. Journalize the purchase transactions assuming RC Photo Shop uses the periodic inventory system.

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