Neutron Uses a Periodic Inventory System

question 17

Essay

Neutron uses a periodic inventory system.Prepare general journal entries to record the following transactions for Neutron:
$\begin{array}{|l|l|l|}\hline \text { June } & 10 & \begin{array}{l}\text { Neutron purchased merchandise on credit from Proton for } \$ 9,000 \text {, terms } 2 / 10, \\\mathrm{n} / 30 . \text { FOB destination. Transportation costs of } \$ 350 \text { were paid by Proton. }\end{array} \\\hline & 12 & \text { Neutron returned } \$ 600 \text { of merchandise from the June } 10 \text { purchase. } \\\hline & 19 & \text { Neutron paid Proton for the June } 10 \text { purchase. }\\\hline \end{array}$

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Definitions:

Social Inhibition

The tendency for individuals to perform differently, usually worse, when in the presence of others than when alone.

Distraction/Conflict Theory

A theory suggesting that the presence of conflicting stimuli or distractions can impair cognitive performance and decision-making processes.

Attentional Conflict

A cognitive process where an individual experiences difficulty in focusing on relevant stimuli due to competing irrelevant stimuli.

Collectivist

Describing cultures or individuals who prioritize group goals and interdependence over personal goals and independence.