Fiona's Store had the following transactions during December,the last month of the accounting period: 
(1)Prepare general journal entries to record these transactions,using a perpetual inventory system.
(2)Prepare general journal entries to record these transactions,using a periodic inventory system.
Definitions:
Ordinary Course
Refers to actions and transactions that are regular and normal for a particular business under the circumstances.
Financing Statement
A document filed to give public notice that a lender has a security interest in a debtor's property, typically for securing loans.
UCC
is the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.
Collateral
Property or assets that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to the agreed terms.
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