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Journalize the following transactions using the periodic inventory method.
Dec. 1 Purchased $4,900 worth of merchandise from Lolas on terms 2/10 n/30, FOB shipping point.
Dec. 5 Paid for $400 of shipping charges.
Dec. 9 Returned $900 worth of inventory to Lolas.
Dec. 10 Paid the invoice from Lolas.
Performance Testing
Testing conducted to determine the speed, responsiveness, and stability of a system under a workload.
Aptitude Tests
Standardized tests designed to measure an individual's potential to acquire skills or knowledge, commonly used in educational and professional settings.
General Ability
A person's overall capability to perform a wide variety of tasks, often associated with cognitive functions like reasoning, problem-solving, and understanding.
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