Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $ 3 comma 500 for $ 7 comma 000 to a customer on account with terms of 1/15, n/30. The journal entry to record the cost of goods sold would be:

A. Merchandise Inventory - 2,500, Cost of Goods Sold - 2,500

B. Cost of Goods - 2,500, Accounts Receivable - 2,500

C. Cost of Goods Sold - 2,500, Merchandise Inventory - 2,500

D. Sales Revenue - 2,500, Cost of Goods Sold - 2,500

Match the situations that will develop one's personality and those that won't peter is surrounded by friends who are always encouraging him jonathan always watches television when he wants to take a break from his books libby sets small targets for herself and strives to achieve them. the smiths indulge in an animated discussion on varied topics every evening after dinner. brook loves junk food and exercises once in a while. develops your personality develops doesn't develop your personality

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.