Ripken Supply Co. has the following transactions related to notes receivable during the last 2 months of 2013. 
Definitions:
Price Ceiling
A legally established maximum price that can be charged for a good or service.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to buy at a specific price.
Market Equilibrium
A situation in a market where the quantity of a product demanded by consumers equals the quantity supplied by producers.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or resource, typically set below the equilibrium price.
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