Suppose you buy a cd for $750 that earns 4% apr and is compounded quarterly. the cd matures in 3 years. assume that if funds are withdrawn before the cd matures, the early withdrawal fee is 3 months' interest. what is the early withdrawal fee on this account

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.