This information relates to Tamarisk Co. 1. On April 5 purchased merchandise from D. Munez Company for $31,500, terms 2/10, net/30, FOB shipping point. 2. On April 6 paid freight costs of $1,350 on merchandise purchased from D. Munez Company. 3. On April 7 purchased equipment on account for $45,500. 4. On April 8 returned some of April 5 merchandise to D. Munez Company which cost $3,350. 5. On April 15 paid the amount due to D. Munez Company in full. (a) Prepare the journal entries to record these transactions on the books of Tamarisk Co. using a periodic inventory system

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?