Journalize the Following Transactions for Both Abbott Co

question 121

Essay

Journalize the following transactions for both Abbott Co. seller) and Dalton Co. buyer). Assume both of the companies use the perpetual inventory system.
July 3 Abbott Co. sold merchandise on account to Dalton Co., $7,500, terms FOB shipping point, net/eom. The cost of the merchandise sold was $4,400.
5 Dalton Co. paid $275 freight charges on purchase from Abbott Co.
9 Abbott Co. issued Dalton Co. a credit memo for merchandise returned, $2,250. The cost of the merchandise returned was $1,325.
11 Abbott Co. received payment from Dalton Co. for purchase of July 3.

Understand the concept of role confusion in adolescent development.

Assess the reasons for the decrease in juvenile criminal behavior.

Identify common substances used by adolescents and their prevalence.

Analyze patterns of adolescent offending and their cessation.

---

Definitions:

REM Sleep

A sleep stage characterized by rapid eye movements, during which most dreaming occurs, and physiological activity is similar to being awake.

Rich Food

Foods that are high in calories, fats, sugars, or oils, providing a dense amount of energy or flavor, but often low in necessary nutrients.

Audio Recording

The process or technique of capturing sound on a device for the purpose of playback or analysis.

Hypnagogic Sensations

Vivid sensory experiences that occur during the transition from wakefulness to sleep.