The Common Ratio of a Geometric Sequence Is $\frac { 3 } { 7 }$

question 12

Essay

The common ratio of a geometric sequence is $\frac { 3 } { 7 }$ and the fourth term is $\frac { 1 } { 7 }$
Find the third term.

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Definitions:

General Journal

A primary accounting record where financial transactions are initially recorded in chronological order.

Ledger

A comprehensive collection of a company's accounts, including assets, liabilities, equity, revenue, and expenses, used for tracking financial transactions.

Debit Side

The left-hand side of a ledger account, recording increases in assets or expenses and decreases in liabilities or equity.

Account

A record in the general ledger that is used to collect and store debit and credit transactions.