Prepare journal entries to record the following merchandising transactions of Margin Company, Inc., which uses the gross method of accounting for purchases and sales and a perpetual inventory system. Margin Company, Inc. offers all of its credit customers credit terms of 2/10, n/30. 
Definitions:
HRM Process
The series of systematic steps undertaken by a human resources department to recruit, hire, manage, and develop a company's employees.
Human Capital
Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Human Resource Planning
The ongoing process of systematically planning ahead to optimize and meet the future human resource needs of an organization, in alignment with its strategic goals.
Recruitment
Recruitment is the process of identifying, attracting, interviewing, selecting, and hiring employees to fill job vacancies within an organization.
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