What is the journal entry that B.Darin makes on October 1 to record this sale?
Definitions:
Price Lining
A pricing strategy where products are sold at a limited number of price points, each representing a different level of quality or features.
Prestige Pricing
A pricing strategy where prices are set higher than normal because the product or service is perceived to be more prestigious or luxurious.
Odd Pricing
A pricing strategy where goods are priced slightly below a round number, such as $1.99 instead of $2.00, to make the price seem lower to consumers.
Advertising
The act of promoting products, services, or brands through various media channels to attract and inform potential customers.
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