Prepare journal entries to record the following merchandising transactions of Margin Company,which applies the perpetual inventory system.Margin Company offers all of its credit customers credit terms of 2/10,n/30. 
Definitions:
Social Influence
The process by which individuals change their thoughts, feelings, or behaviors as a result of interaction with others, including conformity, compliance, and obedience.
Group Norms
Shared standards or expectations that guide the behavior of members within a group.
Change in Norms
denotes a shift in the accepted standards of behavior or beliefs within a society or group over time.
Obedience
The compliance with orders, commands, or laws from authority figures, often considered a form of social influence.
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