Journalize the following merchandise transactions: a. Sold merchandise on account, $18,150 with terms 2/10, n/30. The cost of the goods sold was $10,890. Sale Accounts Receivable 17,787 Sales 17,787 Cost Cost of Goods Sold 10,890 Inventory 10,890 b. Received payment less the discount. Cash 17,787 Accounts Receivable 17,787 c. Refunded $360 to customer for defective merchandise that was not returned.

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84