Journalize the following transactions for both Abbott Co.(seller)and Dalton Co.(buyer).Assume both of the companies use the perpetual inventory system.
Definitions:
Prototype View
A theory in cognitive science that suggests people categorize objects and ideas by comparing them to an internal "best example" or prototype of a category.
Exemplar View
a theory in cognitive psychology suggesting that individuals categorize objects and ideas by comparing new experiences to specific examples stored in memory.
Superordinate Level
A high-level classification or grouping that is more abstract than its lower-level counterparts in hierarchical arrangements.
Nonanalytic Concept Formation
Cognitive processes that implicitly acquire knowledge of a complex structure during the memorization of examples.
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