The following selected transactions were completed during July of the current year: Billed customers for fees earned $112,700.
Purchased supplies on account $4,500.
Received cash from customers on account $88,220.
Paid creditors on account $3,100.

Required:
a. Journalize these transactions in a two-column journal, using the appropriate number to identify the transactions.
b. Journal entry explanations may be omitted.

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.