On December 1, JumpStart provides $2,800 in services to clients. (a) Journalize this event as if the clients had paid cash at the time the services were rendered. Dec. 1 (b) Journalize this event as if the clients had placed this on account. Dec. 1 (c) Assume that the clients paid $1,200 of the amount on account on December 30. Journalize this transaction. Dec 30.

answer; closing the loop;

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

answertaxable income;

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.