Journalize the following transactions for both Abbott Co.
(seller)and Dalton Co.
(buyer).Assume both the companies use the perpetual inventory system. 
Definitions:
Culture
encompasses the social behavior, norms, knowledge, beliefs, arts, laws, customs, capabilities, and habits of the members of a society.
Tariffs
Government levies on goods that are imported or exported.
Trade Imbalance
A situation where the value of a country's imports significantly exceeds or is less than the value of its exports, affecting the national economy.
Regulatory Environmental Forces
Government policies, laws, and regulations that affect business operations, particularly concerning environmental protection.
Q13: Using the following information,prepare a bank reconciliation
Q38: There is no difference between the recording
Q59: During a bank reconciliation process,<br>A)outstanding checks and
Q77: One negative effect of carrying too much
Q85: On April 3,Snappy Sales decides to establish
Q119: Record payment made to vendor<br>A)Purchases journal<br>B)Revenue journal<br>C)Cash
Q126: Pilger Corporation has cash on hand at
Q139: Vertical analysis is useful for analyzing financial
Q160: Purchases journals will have an Other Accounts
Q160: On the basis of the following data