Journalize the following transactions for both Abbott Co.(seller)and Dalton Co.(buyer).Assume both the companies use the perpetual inventory system.
Definitions:
Alchemists
Ancient practitioners who sought to transform base metals into noble metals, such as gold, and to discover a universal cure for disease and a way of extending life.
Lead
A heavy metal element with the symbol Pb, known for its malleability, poor conductivity, and various uses and health impacts.
Gold
A dense, soft, yellow metallic element used widely in jewelry, electronics, and for monetary systems.
Medieval Scholars
Intellectuals or academics from the Middle Ages who studied, preserved, and contributed to the knowledge of their time, often in monasteries or universities.
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