A computer manufacturer recently shipped several laptops to a customer (cost: $25,000) and billed the customer $30,000. Which of the following options correctly expresses the accounts that are debited and credited to record this transaction? a. debits: accounts receivable, finished-goods inventory; credits: sales revenue, cost of goods sold
b. debits: accounts receivable, cost of goods sold; credits: sales revenue, finished-goods inventory
c. debits: sales revenue, cost of goods sold; credits: accounts receivable, finished-goods inventory
d. debits: sales revenue, finished-goods inventory; credits: accounts receivable, cost of goods sold
e. debits: accounts receivable; credits: finished-goods inventory, profit on sale

you get one warning and if you do something to violate the guidelines of after that you get kicked off.

mark as

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

borrow money from the government then pay the government back 5k