BBB Company sends a $2,500 invoice to a customer for catering services it provided during the month. Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts. 
Definitions:
Perfect Competitor
A hypothetical market structure in which no individual firm has any market power, allowing for an ideal level of competition where prices reflect actual costs.
Imperfect Competitor
A market participant who does not meet the conditions of perfect competition, often having some control over the price of its product or service.
MRP Schedule
A table showing the marginal revenue product (MRP) which is the additional revenue generated from using one more unit of a resource.
Perfect Competitor
A theoretical market structure where numerous small firms compete against each other and goods are perfect substitutes, leading to the inability of firms to influence prices.
Q17: Absent a treaty provision,what is the statutory
Q31: Smaller businesses are especially dependent upon internally
Q57: GlaxoSmithKline's spending of $6 billion in 2012
Q102: Cragmont has beginning equity of $277,000, net
Q105: Eric has $5 million of property that
Q137: Specific accounting principles are basic assumptions, concepts,
Q139: The balance sheet is based on the
Q140: Ending retained earnings on the statement of
Q172: There are three major types of business
Q224: If assets are $99,000 and liabilities are