Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations.

March 1 - Bills are sent to clients for services provided in February in the amount of $800.

March 9 - Corner Office, Inc. delivers office furniture ($1,060) and office supplies ($160) to Nexium leaving an invoice for $1,220.

March 15 - Payment is made to Corner Office, Inc. for the furniture and office supplies delivered on March 9.

March 23 - A bill for $430 for electricity for the month of March is received and will be paid on its due date in April.

March 31 – Salaries of $850 are paid to employees.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?