Enter the Following Transactions into a Purchases Book _____________________________________________________________________________________________
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question 39

Essay

Enter the following transactions into a purchases book:
$\begin{array}{llr}\text { March 1 } & \text { Credit purchase from Nathaniel Ray } & \$ 1000 \\\text { March 5 } & \text { Credit purchase from Wayne Alvarez } & 750 \\\text { March 10 } & \text { Credit purchase from Ralph Runner } & 1250 \\\text { March 20 } & \text { Credit purchase from Stuart Winters } & 900 \\\text { March 30 } & \text { Credit purchase from Summer Steward } & 2150\end{array}$ _____________________________________________________________________________________________
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Definitions:

Gains From Trade

The increase in utility or welfare that countries or individuals obtain by engaging in voluntary exchange of goods and services.

Price Differential

The difference in price between two related goods, markets, or levels of supply chain.

Rational Decision Maker

A person who uses logic and reasoning, weighing costs and benefits, to make choices that maximize their satisfaction.

Business Trip

A journey undertaken for work or professional purposes, often involving travel outside one's regular place of business.