Problem 5-1a concord’s book warehouse distributes hardcover books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. at the end of may, concord’s inventory consisted of books purchased for $2,000. during june, the following merchandising transactions occurred.
june 1 purchased books on account for $1,800 from kline publishers, fob destination, terms 2/10, n/30. the appropriate party also made a cash payment of $40 for the freight on this date.
june 3 sold books on account to reading rainbow for $2,100. the cost of the books sold was $140.
june 6 received $200 credit for books returned to kline publishers.
june 9 paid kline publishers in full, less discount.
june 15 received payment in full from reading rainbow.
june 17 sold books on account to blanco books for $1,900. the cost of the books sold was $1,140.
june 20 purchased books on account for $1,600 from dietz publishers, fob destination, terms 2/15, n/30. the appropriate party also made a cash payment of $40 for the freight on this date.
june 24 received payment in full from blanco books.
june 26 paid dietz publishers in full, less discount. 28 sold books on account to reddy bookstore for $1,200. the cost of the books sold was $700.
june 30 granted reddy bookstore $110 credit for books returned costing $66.

journalize the transactions for the month of june for powell warehouse, using a perpetual inventory system.

2. the external environment (connect)choose whether each example belongs in the general, task, or internal environment. exampleenvironmenta worldwide recession task environment / general environment / internal environmentlocal mothers asking their community grocery store to carry no-salt cheerios-type cereal for their babies task environment / general environment / internal environmentchoose the phrase that best completes the following sentence. the relationship between the task environment and the general environment is best described as: a one-way system: changes in the task environment affect the general environment, but changes in the general environment do not affect the task environment. an open system: changes in the task environment affect the general environment, and changes in the general environment affect the task environment. a one-way system: changes in the general environment affect the task environment, but changes in the task environment do not affect the general environment. a closed system: changes in the general environment do not affect the task environment, and changes in the task environment do not affect the general environment.©bloomberg via getty imagesmanagement in the newsin april 2010, the explosion of british petroleum’s (bp) deepwater horizon oil drilling rig and the accompanying oil spill dramatically changed the external environment in which all oil companies operate. the explosion released more oil than any other accidental spill in history and had a huge impact on the waters and surrounding communities of the gulf coast. the conditions that led to the spill, the attempts to stop the spill, and the clean-up and aftermath of the spill prompted debates in the u. s. senate, concern on wall street, and attention from companies all over the world. match each oil spill event with a specific dimension of the general environment. eventgeneral environment dimensionbp stock prices falling 25% during the first month after the oil spill oil seeping into pelican nesting grounds, which will place the brown pelican back on the endangered species list people moving from louisiana to oklahoma to avoid the effects of the spill