Record the following purchases and sales transactions for Manioc Corp. using the general journal form provided below. Assume Manioc uses a periodic inventory system. Omit transaction descriptions from entries. 
Definitions:
Kuznets Curve
A hypothesized relationship that suggests inequality in wealth and income increases during the early stages of economic development, then decreases as a country becomes more developed.
Industrial Societies
Societies characterized by a reliance on mechanized labor to create material goods, representing a shift from agrarian economies.
Contradictory Class Location
A term in sociology that describes individuals or groups whose class position shares characteristics of both the capitalist and working classes.
Petite Bourgeoisie
Refers to the lower middle class, historically defined as small business owners and workers who aspire to be part of the bourgeoisie, or middle class.
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