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Journalize the Following Transactions for Armour Inc

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Journalize the following transactions for Armour Inc.using both the periodic inventory system and the perpetual inventory system,presented in the side-by-side format of the form provided below.Oct.7 Sold merchandise on credit to Rondo Distributors,terms n/30.The cost of the merchandise was $720.8 Purchased merchandise,$10,000,terms FOB shipping point,2/15,n/30,with prepaid freight charges of $525 added to the invoice.​ Journalize the following transactions for Armour Inc.using both the periodic inventory system and the perpetual inventory system,presented in the side-by-side format of the form provided below.Oct.7 Sold merchandise on credit to Rondo Distributors,terms n/30.The cost of the merchandise was $720.8 Purchased merchandise,$10,000,terms FOB shipping point,2/15,n/30,with prepaid freight charges of $525 added to the invoice.​


Definitions:

Ventral Cavity

The human body cavity located at the front, which houses organs including the heart, lungs, intestines, and liver.

Negative Feedback

A regulatory mechanism in which a stimulus causes an opposite output in order to maintain an ideal level of whatever is being regulated.

Stimulus

Anything that can provoke a response in an organism or part of the body.

Pleural Cavity

The thin fluid-filled space between the two pulmonary pleurae (visceral and parietal) of each lung, involved in respiratory mechanics.

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