Bradson Merchandising, Which Has a December 31 Year End, and Uses

question 6

Essay

Bradson Merchandising, which has a December 31 year end, and uses a periodic inventory system, completed the following transactions during 2018 and 2019: 2018
Oct. 1 Sold merchandise to Bravo Links, terms n / 60 , \$ 4,000.
Oct. 3 Negotiated with Bravo Links to exchange the account receiv able for a 120 -day, $10 \%$ note for $\$ 4,000$ .
Dec. 31 Accrued interest on the Bravo Links note.

2019
Feb. 1 Collected in full from Bravo Links Prepare the necessary journal entries to record the above transactions.

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Definitions:

De Facto Segregation

Racial segregation that occurs in schools, workplaces, and residential areas, not as a result of laws, but as a result of patterns of inequality in society.

African American

African American is a term used to describe Americans of African descent, particularly those whose ancestors were enslaved and brought to the Americas.

Public School

In the United States, a school maintained at public expense for the education of the children of a community or district and obliged to provide a minimum standard of education.

Strict Scrutiny

The highest standard of review applied by courts when evaluating laws or policies that infringe on constitutionally protected freedoms, requiring a compelling state interest for such laws.