Journalize the following transactions for Armour Inc. using both the periodic inventory system and the perpetual inventory system, presented in the side-by-side format of the form provided below.Oct. 7 Sold merchandise on credit to Rondo Distributors, terms n/30. The cost of the merchandise was $720.8 Purchased merchandise, $10,000, terms FOB shipping point, 2/15, n/30, with prepaid freight charges of $525 added to the invoice.? $~~~~~~~~~~~~~\textbf{PERIODIC INVENTORY}~~~~\textbf{PERPETUAL INVENTORY}\~~~~~~~~~~~~~\textbf{SYSTEM}~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\textbf{SYSTEM}$
$\begin{array} { | c | c | c | c | c | c | c | c | }
\hline Date & Description~~~~ & Dr. & Cr. & \mid & Description~~~~~ & Dr. & Cr. \
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Question

Journalize the following transactions for Armour Inc. using both the periodic inventory system and the perpetual inventory system, presented in the side-by-side format of the form provided below.Oct. 7 Sold merchandise on credit to Rondo Distributors, terms n/30. The cost of the merchandise was $720.8 Purchased merchandise, $10,000, terms FOB shipping point, 2/15, n/30, with prepaid freight charges of $525 added to the invoice.? $~~~~~~~~~~~~~\textbf{PERIODIC INVENTORY}~~~~\textbf{PERPETUAL  INVENTORY}\~~~~~~~~~~~~~\textbf{SYSTEM}~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\textbf{SYSTEM}$
$\begin{array} { | c | c | c | c | c | c | c | c | } 
\hline Date & Description~~~~ & Dr. & Cr. & \mid & Description~~~~~ & Dr. & Cr. \
\hline & & & & \mid & & & \
\hline & & & & \mid & & & \
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\hline & & & & \mid & & & \
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\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Journalize the following transactions for Armour Inc. using both the periodic inventory system and the perpetual inventory system, presented in the side-by-side format of the form provided below.Oct. 7 Sold merchandise on credit to Rondo Distributors, terms n/30. The cost of the merchandise was $720.8 Purchased merchandise, $10,000, terms FOB shipping point, 2/15, n/30, with prepaid freight charges of $525 added to the invoice.? $~~~~~~~~~~~~~\textbf{PERIODIC INVENTORY}~~~~\textbf{PERPETUAL  INVENTORY}\~~~~~~~~~~~~~\textbf{SYSTEM}~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\textbf{SYSTEM}$
$\begin{array} { | c | c | c | c | c | c | c | c | } 
\hline Date & Description~~~~ & Dr. & Cr. & \mid & Description~~~~~ & Dr. & Cr. \
\hline & & & & \mid & & & \
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\hline
\end{array}$

Journalize the Following Transactions for Armour Inc