Examlex
Journalize the following transactions for Tanaka Company for June 2016 the company's first month of operations. You may omit explanations for the transactions.
1. Purchased equipment on account for $9800.
2. Billed customers $5600 for services performed.
3. Made payment of $2400 on account for equipment purchased earlier in month.
4. Collected $3900 on customer accounts.
Household's Income
The total earnings received by all members of a household from various sources like wages, salaries, benefits, and investments, within a given period.
Budget Constraint
A limitation on the consumption choices of individuals or firms, dictated by their income and prices of goods.
Budget Constraint
A budget constraint represents the combinations of goods and services that a consumer can purchase given their income and the prices of those goods and services.
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Optical disc storage format used to store high capacity data like movies, software, and other digital content.
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