Emerald co. uses a perpetual inventory system and records purchases of merchandise at net cost. the company recently purchased 200 compact discs at an invoice price of $6,000 and terms of 2/10, n/30. half of these discs had been mislabeled and were returned immediately to the supplier. the journal entry to record payment of this invoice after the discount period has expired will include a

Clara client has just been presented with a standard representation agreement by the law firm of yatz & berger. clara's first language is german. although she speaks and reads everyday english quite well, the legal terms in the contract confuse her. yatz & berger should question 90 options: have someone in the firm, if possible, or a translator from outside of the firm, explain the terms of the contract thoroughly until clara has a full and complete understanding of its terms. advise clara to take the contract home and study it before signing it. have a paralegal explain the most important clauses in the contract to clara in smaller, plain english words. advise clara to sign the contract and take her copy home for study.