Journalize the following transactions for armour inc. using both the periodic inventory system and the perpetual inventory system, presented in a side-by-side format shown at the end of this exercise. oct.7 sold merchandise on credit to rondo distributors, terms n/30, fob destination, $1,200; the cost of the merchandise was $720.oct. 8 purchased merchandise, $10,000, terms fob shipping point, 2/15, n/30, with prepaid freight charges of $525 added to the invoice.