A customer charges a treadmill at Annie’s Sport Shop. The pr…

A customer charges a treadmill at Annie’s Sport Shop. The price is $4,000 and the financing charge is 9% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer’s account. The accounts affected by the journal entry made by Annie’s Sport Shop to record the finance charge are  

Jake’s Market recorded the following events involving a rece…

Jake’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $60,000, terms 2/10, n/30. Returned $1,200 of the shipment for credit. Paid $300 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s inventory increased by