Journalize the following sales transactions for Aim High Archery using the periodic inventory system. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company uses the gross amount to record sales. Round all numbers to the nearest whole dollar.) View the transactions. Aug. 1: Sold $7,700 of equipment on account, credit terms are 2/10, n/30, to The Mountain Club. Credit Date Aug. 1 Date Aug. 3 Date Aug. 3: Received a $700 sales return on damaged goods from The Mountain Club. Aug. 8 Accounts Accounts Receivable-The Mountain Club Sales Revenue Date Aug. 15 Accounts Accounts Payable-The Mountain Club Merchandise Inventory .... 4 DATT Debit 7546 Accounts Aug. 8: Received payment from The Mountain Club on the amount due from Aug. 1, less the return and discount. Accounts Debit Debit 700 7546 Aug. 15: Sold $3,300 of equipment on account, credit terms are 1/10, n/45, FOB destination, to Sports Club. Credit Debit Credit 700 Credit SAT FEB 1 Cody J Simmons Bo Queue Tips ta Stay Sig Remain for the

Joumaize the following sales transactions for Aim High Archery using the penodic inventory system. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. Assume the company uses the gross amount to recoed sales. Rlound all numbers to the nearest whole dollar.) View the transactions. SAT - FEB 1 Cody J Aug. 1: Sold $7,700 of equipment on account, credit terms ane 2/10,n30, to The Mountain Club Simmons Bc Aug 3: Received a $700 sales return on damaged goods from The Mountain Club Awg 8: Received payment from The Mountan Club on the amoun due from Aug 1, less bre retum and discount Aug 15. Sold \$3,900 of equipment on account, credt terms ave 1/10, n/45, foe sevination, to ficonts Club. Queue Tips