Answer:
E. Debit Notes Receivable $8,200; credit Sales $8,200
Explanation:
According to the problem, computation of the given data are as follows,
Sales on credit = $8,200
Notes receivable = $8,200
So, journal entries of the sales transaction are as follows,
Notes receivables A/c Dr. $8,200
To, Sales A/c. $ 8,200
(Being sales of equipment is recorded)
Dang I used to know this but I completely forgot I will try to answer if it comes back to me
The type of situation that describe a situation where government does not impose quotas on what can be imported is known as free trade.
<h3>What is free trade?</h3>
Free trade is an agreement between two or more countries to remove trade barriers or restrictions . This enable member countries trade freely without any impediment to import and export of goods.
Countries come together to promote their goods and services by taking away any thing that could hinder import and export of goods among member nation. This bring about increased efficiencies.
Hence, the type of situation that describe a situation where government does not impose quotas on what can be imported is known as free trade.
Learn more about free trade here: brainly.com/question/3520350