OTA Corporation Completed the Following Events as Part of Its

question 73

Essay

OTA Corporation completed the following events as part of its acquisition/payment process.Record each one in general journal format; if an event does not require a journal entry, write "not applicable."
a.Received request to order 300 units of inventory with an expected cost of $1,400.
b.Purchased inventory on account, $1,500.Terms: 2/10, n/30.
c.Paid freight bill on inbound inventory, $300.
d.Received previously ordered inventory.
e.Returned previously purchased merchandise to supplier, $200.
f.Paid vendor total amount owed on the 15^th day after purchase.

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Definitions:

Psychological Disorders

Mental disorders characterized by persistent dysfunction in behaviors, thoughts, or emotions, significantly impairing an individual's day-to-day functioning.

Physiological Disorders

Health issues that affect the body's normal functions, often related to organs and bodily systems.

Biopsychosocial Model

Perspective in which abnormal thinking or behavior is seen as the result of the combined and interacting forces of biological, psychological, social, and cultural influences.

Eclectic Model

An approach in psychotherapy that combines elements from different therapeutic techniques and theories to suit the needs of individual clients.