On April 1, 2008, Joe received a telegram from Adam offering to build Joe a resort cottage for $100,000. On April 5, 2008, at 10:00 A. M., Adam sends Joe a telegram attempting to revoke the offer. At 11:00 A. M. on the same day, Joe sends Adam an e-mail attempting to accept the offer. At 11:30 A. M., Joe receives Adam's revocation. Assume Adam's offer was silent on the question of what means Joe could use to accept. Which of the following is true when the offeror impliedly authorizes acceptance by any reasonable means?

A. The parties may have a contract if Adam reads the acceptance e-mail before the revocation reaches Joe.
B. The parties would not have a contract because Joe did not use the means impliedly authorized by trade usage.
C. The parties would not have a contract because the impliedly authorized means of communication was a telegram.
D. The parties may have a contract if the court concludes that e-mail was a reasonable way for Joe to accept Adam's offer.

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)