Newton Company Has the Following Accounts in Its General Ledger

question 119

Essay

Newton Company has the following accounts in its general ledger at July 31: Accounts Receivable $40,000 and Allowance for Doubtful Accounts $2,500. During August, the following transactions occurred.
Oct. 15 Sold $15,000 of accounts receivable to Fast Factors, Inc. who assesses a 3% finance charge.
25 Made sales of $800 on VISA credit cards. The credit card service charge is 2%.
Instructions
Journalize the transactions.

Differentiate between continuous and partial reinforcement schedules and their effects on behavior.

Describe behavior modification techniques and their applications.

Understand the principle of observational learning and its components.

Comprehend the phenomenon of instinctive drift and its implications for learning.

---

Definitions:

Task Significance

The degree to which a job has a substantial impact on the lives or work of other people, either in the immediate organization or in the external environment.

Ergonomics

The study and design of equipment and workplaces to maximize productivity by reducing operator fatigue and discomfort.

Economy

The system of production, distribution, and consumption of goods and services within a particular area or country.

Job Families

Groups of different jobs that are closely related by similar duties, responsibilities, skills, or job elements.