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Journalize the following transactions for Armour Inc. Oct. 7 Sold merchandise on credit to Rondo...

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Accounting

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Journalize the following transactions for Armour Inc. Oct. 7 Sold merchandise on credit to Rondo Distnbutors, for $1,200, terms n/30. The cost of the merchandise was $720. 8 Purchased merchandise, $10,000, terms FOB shipping pount, 2/15,n/30, with prepaid freight charges of $525 added to the invoice. Journalize the transactions above using the periodic inventory system. If an amount box does not require an entry, leave it blank. Jourralize the transactions above using the perpetual inventory system. Oct. 7 - Sale Cost Journalize the following transactions for Armour Inc. Oct. 7 Sold merchandise on credit to Rondo Distnbutors, for $1,200, terms n/30. The cost of the merchandise was $720. 8 Purchased merchandise, $10,000, terms FOB shipping pount, 2/15,n/30, with prepaid freight charges of $525 added to the invoice. Journalize the transactions above using the periodic inventory system. If an amount box does not require an entry, leave it blank. Jourralize the transactions above using the perpetual inventory system. Oct. 7 - Sale Cost

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