Prepare journal entries to record the following merchandising transactions of cabela’s, which uses the perpetual inventory system and the gross method. (hint: it will to identify each receivable and payable; for example, record the purchase on july 1 in accounts payable—boden.)

july 1 purchased merchandise from boden company for $6,600 under credit terms of 2/15, n/30, fob shipping point, invoice dated july 1.

2 sold merchandise to creek co. for $900 under credit terms of 2/10, n/60, fob shipping point, invoice dated july 2. the merchandise had cost $550.

3 paid $140 cash for freight charges on the purchase of july 1.

8 sold merchandise that had cost $1,900 for $2,300 cash.

the answer is b. the events might happen and are based on crimes.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answerobservation;