Of course you can delete transactions with the UI, perhaps many at a time, but I had 23,000 transactions to remove and the UI couldn't handle deleting them in that kind of bulk. It would lock up/crash. The only way to restore it to its virgin state was to just trash the store.db file.
jrg405
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Submitted as FB9790739.
Thank you!
It is a Mac Catalyst app. The app runs on macOS 12, it does not require an M1.
I was able to track down the files in question, in case anyone else in the future needs to know.
For StoreKit testing on Mac catalyst, check the directory:
~/Library/Caches/com.apple.appstoreagent/Octane
The sqlite file store.db contains a table octane_transaction with the transactions in question, and I was able to delete my 23,000 test transactions from it.