Journalize the Following Transactions for a Merchandiser That Uses the Perpetual

question 177

Essay

Journalize the following transactions for a merchandiser that uses the perpetual inventory system.
On January 8,inventory was sold for $7,000 on account.Credit terms were 2/15,n/30 (cost $5,500).On January 17,cash was received in full settlement of the January 8 sale.Omit explanations.

---

Definitions:

Paid-to-Read

A digital business model where users are compensated for reading emails, articles, or advertisements.

Click Fraud

Click fraud is a type of fraudulent activity in online advertising where clicks on ads are artificially generated by individuals or software without any genuine interest in the offer, leading to inflated advertising costs.

Click Bots

Automated software programs designed to simulate human clicks on web advertisements for the purpose of generating revenue or manipulating metrics.

Click Fraud

A malicious activity where clicks on online advertisements are artificially inflated, typically for financial gain or to drain competitors' advertising budgets.