Neighborhood Lawn Equipment uses a perpetual inventory system.Journalize the following sales transactions for this company.Explanations are not required.
Definitions:
Reserve Requirement
The minimum amount of reserves a bank must hold against deposits, set by central banks to ensure bank liquidity and stability.
Deposits
Funds placed in a bank account that can be withdrawn by the account holder, typically used for safekeeping or to earn interest.
Money Supply
The total amount of money in circulation or in existence within a country, including cash and deposits.
Reserve Requirement
The minimum amount of funds that a bank must hold in reserve against deposits made by customers.
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