Littleton books has the following transactions during may. may 2 purchases books on account from readers wholesale for $3,600, terms 1/10, n/30. may 3 pays cash for freight costs of $230 on books purchased from readers. may 5 returns books with a cost of $300 to readers because part of the order is incorrect. may 10 pays the full amount due to readers. may 30 sells all books purchased on may 2 (less those returned on may 5) for $4,300 on account. required: record the period-end adjustment to cost of goods sold on may 31, assuming the company has no beginning or ending inventory

Your take on decision making process

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.