On May 12, 2009, Falwell Computing Sold Five Computers to Computing

question 12

Essay

On May 12, 2009, Falwell Computing sold five computers to Computing Plus for $10,000, subject to terms 3/10, n30. Falwell uses the net method of accounting for sales discounts.
Required:
1. Prepare the journal entry to record the sale.
2. Prepare the journal entry to record receipt of the payment, assuming the correct amount was received on May 20, 2009.
3. Prepare the journal entry to record receipt of the payment, assuming the correct amount was received on June 5, 2009.

Identify persuasive techniques and their psychological underpinnings.

Understand the role of cognitive dissonance in attitude and behavior change.

Explain the impact of close relationships on personal attitudes and behaviors.

Distinguish between the central and peripheral routes to persuasion and their effectiveness.

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Definitions:

Classification

The process of grouping objects or information based on shared qualities or characteristics.

Fevers

A rise in body temperature above the normal range, often a symptom of infection or illness.

Boiling

The rapid vaporization of a liquid, which occurs when a liquid is heated to its boiling point, the temperature at which the vapour pressure of the liquid equals the pressure exerted on the liquid by the surrounding environmental pressure.

Celsius

A scale of temperature on which water freezes at 0° and boils at 100° under standard conditions.