Prepare journal entries to record the following merchandise transactions of Geo Company, which applies the perpetual inventory system.
Definitions:
Living Organisms
Entities that display the characteristics of life, including the ability to grow, reproduce, respond to stimuli, and often, to move.
Homeostasis
A state of internal balance within living organisms, despite changes in external environment.
Energy
The capacity to do work or produce changes within a system, present in various forms such as kinetic, potential, thermal, etc.
Chemicals
Substances produced by or used in a chemical process, often referring to synthetic compounds.
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