Best Discount Store uses the perpetual system and had a sale on account to Julie Smith of $5,000 with terms 3/10, n /30. Ms. Smith paid within the discount period. The journal entry to record receiving payment from the sale on account would be:1.Accounts receivable: 4,850 debit sales revenue: 4,850 credit2.accounts receivable: 5,000 debit cash: 5,000 credit3.cash: 5,000 debit accounts receivable: 5,000 credit4.cash: 4,850 debit accounts receivable: 4,850 credit

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u. s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.