Record the Following Transactions,using Proper Form,in the Journal Provided

question 165

Essay

Record the following transactions,using proper form,in the journal provided.
$$\begin{array} { | c | c | l | } \hline\text { Mar. } & 2 & \text { Provided services in the amount of \$2,000, receiving \$60] in partial payyent. } \\\hline & 12 & \text { Received } \$ 800 \text { of the andunt awed from March } 2 . \\\hline\end{array}$$

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Definitions:

Market Price

The present cost at which a good or service can be purchased or sold.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other assets at a specified price within a specific time frame.

Strike Price

The set price at which an option contract can be bought (call) or sold (put) when it is exercised.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.