Wiley consulting purchased $7,800 worth of supplies and paid cash immediately. which of the following general journal entries will wiley consulting make to record this transaction? assume the company’s policy is to initially record prepaid and unearned items in balance sheet accounts.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?