Acompany uses a periodic system to record inventory transactions. the company purchases inventory on account on february 9, 2021, for $52,000 and then sells this inventory on account on march 7, 2021, for $73,000. record the transactions for the purchase and sale of the inventory. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: