Record the Following Sales Transactions for Meranda Company

question 16

Essay

Record the following sales transactions for Meranda Company:
Oct 3 Had sales of $3,500 in cash and $6,000 in credit. The harmonized
sales tax (HST) is 13%.
Oct 8 Had cash sales of $12,000 plus 13% HST.
Nov 15 Paid HST for Oct. 3 and Oct. 8 sales.
Nov 30 Received customer payment for Oct. 3 outstanding accounts receivable.

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Definitions:

Organic Inferiority

A concept introduced by psychologist Alfred Adler, referring to the perceived or actual physical weaknesses that can lead to feelings of inadequacy and compensatory striving for superiority.

Depressive Complex

A constellation of feelings, thoughts, and behaviors characterized by sadness, low self-esteem, and a lack of interest or pleasure in activities.

Superiority Complex

A psychological defense mechanism in which a person's feelings of superiority mask their true feelings of inferiority or weakness.

The Conscious

The part of the human mind that is aware of thoughts, feelings, and surroundings at any given moment.