Suzuki is one of most commonly owned makes of cars in our county (Alameda). A car heading from Berkeley to San Francisco is pulled over on the freeway for speeding. Suppose I tell you that the car is either a Suzuki or a Lamborghini, and you have to guess which of the two is more likely. What would you guess, and why

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.