Based on the information below, journalize the entries for the seller and the buyer. Both use a perpetual inventory system. 
Definitions:
Recognition Test
A performance metric that involves showing consumers an advertisement and asking if they recognize it.
Percentage-Of-Sales
A method used to create a marketing or advertising budget based on a fixed percentage of a company's sales revenue.
Budgeting Method
A systematic approach to managing finances by allocating funds based on estimated expenses and revenues.
Sales Decline
A stage in the product life cycle where sales and profits begin to decrease due to market saturation, competition, or changes in consumer preferences.
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