Record the following transactions on the books of Oriole Company (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)(a) On July 1, Oriole Company sold merchandise on account to Stacey Inc. for $22,700, terms 4/10, n/30.(b) On July 8, Stacey Inc. returned merchandise worth $2,200 to Oriole Company.(c) On July 11, Stacey Inc. paid for the merchandise. No. DateAccount Titles and ExplanationDebitCredit(a) July 1July 8July 11(b) July 1July 8July 11(c) July 11

d,

answer; /// the correct answer is (shared); /// good luck

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; post closing trial balance;