You want to purchase a new vehicle and you have your heart set on a brand new suv. you take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees. does your credit score go up or down? why does it go up or down? if your score goes down, how can you fix it?

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.