Dang I used to know this but I completely forgot I will try to answer if it comes back to me
Answer:
Explanation:
The journal entries are shown below:
On July 15:
Purchase A/c Dr $89,180
To Accounts payable $89,180
(Being purchase of goods are made on credit with discount)
The computation of the purchase of tires after applying the discount is shown below:
= Number of tires × price per tire - discount rate
= 2,600 tires × $35 - 2%
= $91,000 - $1,820
= $89,180
On July 23:
Account payable A/c Dr $89,180
To Cash A/c $89,180
(Being payment is made)
On August 15:
Account payable A/c Dr $89,180
Interest expense A/c Dr $1,820
To Cash A/c $91,000
(Being payment is made on late interval)
The next guesses of the clerk should be less of red shells and more of white shells.
<h3><u>Decision about less of white and more red shells</u>:</h3>
Given that,
Red shell [r] costs = $0.75 each.
White shell [w] costs = $0.49 each.
Total of 8 shells = $4.70
The clerk guesses that the $4.96 for 4 red shells and 4 white shells is greater than the actual purchase.
Therefore,
The clerk should make use of less red shells, and more of white shells, because the unit costs of red shell is more than the white shell.
Learn more about equations, refer:
brainly.com/question/2574274
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