Journalize the following transactions for both Abbott Co. (seller) and Dalton Co. (buyer). Assume both of the companies use the perpetual inventory system. July 3 Abbott Co. sold merchandise on account to Dalton Co., $7,500, terms FOB shipping point, net/eom. The cost of the goods sold was $4,400. 5 Dalton 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. 11 Abbott Co. received payment from Dalton Co. for purchase of July 3