Based on the information below, journalize the entries for the Seller and the Buyer. Both use a perpetual inventory system.
Definitions:
Objectives Document
A formal and detailed paper outlining the goals and targets of a project or plan, often used in business and strategic planning.
Statement of Scope
A document that outlines the objectives, deliverables, and boundaries of a project, specifying what is included and excluded.
Recommendations
Suggestions or advice offered with the aim of guiding decisions or actions toward a beneficial outcome.
Work Plan
A detailed outline of tasks, activities, and timelines aimed at achieving specific goals or completing a project.
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