The owner of sherwyn's hardware will receive a discount of 15 percent if she orders 12 or more mandarin bird feeders from darren products. if she orders fewer than 12 bird feeders, she will not receive the discount. a. promotional b. trade quantity c. managerial d. functional

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.