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Journalize the following transactions for both Abbott Co. (seller) and Dalton Co. (buyer). Assume both the companies use the perpetual inventory system.
Income
Funds obtained, often on a recurring schedule, as a result of work or investment profits.
Government Intervention
Actions taken by the government to influence the economy or society, ranging from regulations and taxes to subsidies and direct support.
Immunizations
The process by which an individual's immune system becomes fortified against an agent (known as the immunogen).
Health Clinic
A healthcare facility that is primarily focused on the care of outpatients, offering medical services and treatments.
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