Journalize the following transactions for M & M Entertainment using the periodic inventory system.

• February 5 M & M Entertainment sold $17,000 of merchandise on account, credit terms 3/15, n/EOM.
• February 10 M & M Entertainment received a return of $3,300 for defective goods from the customer.
• February 22 M & M Entertainment receives payment from the customer on the amount due, less the return and discount.

Journal

Date	Description	Debit	Credit
February 5	A/PA/RCOGSCashInventory ExpenseMerchandise InventoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
February 5	A/PA/RCOGSCashInventory ExpenseMerchandise InventoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
February 10	A/PA/RCOGSCashInventory ExpenseMerchandise InventoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
February 10	A/PA/RCOGSCashInventory ExpenseMerchandise InventoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
February 22	A/PA/RCOGSCashInventory ExpenseMerchandise InventoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
February 22	A/PA/RCOGSCashInventory ExpenseMerchandise InventoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue
February 22	A/PA/RCOGSCashInventory ExpenseMerchandise InventoryPurchasesPurchases DiscountPurchases Returns & AllowancesSales DiscountSales Return & AllowanceSales Revenue