Hello respected expert please help me please solve it and show full work thanks' Journalize the following transactions for both Abbott Co. (seller) and Dalton Co. (buyer). Assume both of the companies use the perpetual inventory systeJuly 3 Abbott Co. sold merchandise on account to Dalton Co, $7,500, terms FOB shipping point, nijeom. The cost of the goods sold was $4,400.5 Delton Co. paid $275 freight charges on purchase from Abbott Co.9 Abbott Co. issued Dalton Co. a credit memo for merchandise returned, $2,250, The cost of the merchandise returned was $1,325.31 Abbott Co. received payment from Dalton Co. for purchase of July 3,Journalize the transactions for Abbott Co. (seller). If no entry is required in the selection box, select "No entry required. If an amount box does not require an entry, leave it blank.July 3July 5July 9July 31Journalize the transactions for Dalton Co. (buyer). I no entry is required in the selection box, velect "No entry required. If an amount box does not require an entry, leave it blank July 31Journalize the transactions for Dalton Co. (buyer). If no entry is required in the selection box, select "No entry required. If an amount box does not require an entry, leave it blankJuly 3July SJuly'sJuly 31

Name: Hello respected expert please help me please solve it and show full wo
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Hello respected expert please help me please solve it and show full work thanks' Journalize the following transactions for both Abbott Co. (seller) and Dalton Co. (buyer). Assume both of the companies use the perpetual inventory systeJuly 3 Abbott Co