Paul Nasipak owns a business called Diamond Distributors. The following transactions took place during January of the current year.
| Jan. 5 | Purchased merchandise on account from Prestigious Jewelers, $3,200. |
| 8 | Paid freight charge on merchandise purchased, $330. |
| 12 | Sold merchandise on account to Diamonds Unlimited, $4,100. |
| 15 | Received a credit memo from Prestigious Jewelers for merchandise returned, $670. |
| 22 | Issued a credit memo to Diamonds Unlimited for merchandise returned, $850. |
|
Journalize the transactions in a general journal using the periodic inventory method. If an amount box does not require an entry, leave it blank. |
