Record the following transactions in general journal form for Ford Education Outfitters and Romero Textbooks, Inc.Ford Educational Outfitters bought merchandise on account from Romero Textbooks, Inc., invoice no. 10594, $1,868.82; terms net 30 days; FOB destination. Romero Textbooks, Inc., paid $94.73 for shipping.Ford Education Outfitters received credit memo no. 513A from Romero Textbooks, Inc., for merchandise returned, $148.68.Required:1. For Ford Education Outfitters. Round your answers to the nearest cent.PLEASE SEE ATTACHED IMAGES **General Journal Entries**### For Ford Education Outfitters: 1. **Transaction (a):** - **Description:** Purchases - **Accounts Involved:** - **Debit:** Purchases - $1,868.82 - **Credit:** Accounts Payable, Romero Textbooks, Inc. - $1,868.82 - **Details:** Purchased merchandise from Romero Textbooks, Inc., invoice no. 10594, with terms n/30.2. **Transaction (b):** - **Description:** Accounts Receivable, Romero Textbooks, Inc. - **Accounts Involved:** - **Debit:** Accounts Receivable - $148.68 - **Credit:** Purchases Returns and Allowances - $148.68 - **Details:** Credit memo no. 513A for return of merchandise.### For Romero Textbooks, Inc:1. **Transaction (a):** - **Description:** Sold merchandise to Ford Education Outfitters, invoice no. 10594. - **Accounts Involved:** [Information not provided in the image] - **Details:** [Information not provided]2. **Transaction (b):** - **Description:** Paid for shipment charges - **Accounts Involved:** [Information not provided in the image] - **Details:** [Information not provided]_Note: The second journal for "Romero Textbooks, Inc." is incomplete; additional details regarding debit, credit, and account information are not visible._

While passing the passages we ought to recollect the accompanying 1. Every exchange influences either a vendor or purchaser. 2. In the Periodic inventory framework inventory recording requires the organization to decide the number of products close by occasionally through actual counting. 3. In the Periodic inventory framework, Merchandise inventory will not be charged for purchases and credited for purchase returns. 4. Cargo is the record utilized in the Periodic inventory framework. In the books of Romero Textbooks Inc; General Journal Date Particulars L/F Debit ($) Credit ($) a. Accounts Receivable Ford Education Outfitters 1868.82 Sales 1868.82 (Being Merchandise sold to Ford Education Outfitters, on n/30 terms). b. Sales Returns and Allowances a/c 148.68 To Accounts Receivable 148.68 (Being credit memo issued on goods returned). [Sales Return account is contra account and is used for deduction from sales.] 2. In the books of Ford Education Outfitters General Journal Date Particulars L/F Debit ($) Credit($) a. Purchases 1868.82 Freight in 94.73 To Accounts Payable, Romero Textbooks Inc 1963.55 (Being Merchandise purchased from Romero Textbooks, on n/30 terms). b. Accounts Payable, Romero Textbook, 148.68 To Purchase Return and Allowances 148.68 (Being credit memo received on goods returned). [Purchase return is a contra account and is considered as a deduction in the Purchase account.