Determine whether these examples show government spending that is focused more on improving the economy or on meeting social needs. Use the drop-down menus to complete the statements. When governments spend to improve education or health care, they are focusing more on . When governments spend to improve the unemployment rate or increase GDP, they are focusing more on .

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f. o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.