The following selected transactions were completed during July of the current year: Billed customers for fees earned $112,700.
Purchased supplies on account $4,500.
Received cash from customers on account $88,220.
Paid creditors on account $3,100.

Required:
a. Journalize these transactions in a two-column journal, using the appropriate number to identify the transactions.
b. Journal entry explanations may be omitted.

An economic theory that calls for workers to take control of factories is .

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.

Erp has all the following advantages except: modules throughout a corporation can communicate with each other while purchasing is difficult, the vendors such as sap make it worthwhile due to easy implementation have predefined software that represents "pretty good practices" or even "best practices" enables standardized procedures in an organization reduces inconsistent data stored in various locations of the organization