Journalize the following sales transactions for Seashore Camera Store using the

Question

Journalize the following sales transactions for Seashore 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 EEB(Click the icon to view the transactions) Dec. 3 Seashore sold $39,000 of camera equipment on account, credit terms are 2/15, n/EOM. i Data Table Date Debit Credit Dec. 3 Dec3 Seashore sold $39.000 of camera equipment on account, credit terms are 215 nEOM 17 Seashore receives payment from the customer on the amount due less the discount Dec. 17: Seashore receives payment from the customer on the amount due less the discount. Print Done Date Debit Credit Dec. 17

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Date Title Debit Credit Dec-03 Accounts receivable $ 39,000 Sales $ 39,000 (To record sale of camera equipment) Dec-17 Cash ($39,000*98%) $ 38,220 Discount allowed ($39,000*2%) $        780 Accounts receivable $ 39,000 (To record receipt of cash after discount)

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