Consider the following transactions for RC Photo:

• May 2 RC Photo Shop sold $42,100 of camera equipment on account, credit terms 3/15, n/EOM.
• May 11 RC Photo Shop received a sales returns totaling $1,200 for damaged goods from the customer.
• May 15 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.

Journal

Date	Description	Debit	Credit
May 2	A/PA/RCOGSCashInventory ExpenseMerchandise InvetoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
May 2	A/PA/RCOGSCashInventory ExpenseMerchandise InvetoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
May 11	A/PA/RCOGSCashInventory ExpenseMerchandise InvetoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
May 11	A/PA/RCOGSCashInventory ExpenseMerchandise InvetoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
May 15	A/PA/RCOGSCashInventory ExpenseMerchandise InvetoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
May 15	A/PA/RCOGSCashInventory ExpenseMerchandise InvetoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
May 15	A/PA/RCOGSCashInventory ExpenseMerchandise InvetoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue