Bill enters a country club one night to see his business competitor Alicia sitting sadly on the patio. Bill knows Alicia just declared bankruptcy for her business, and Bill decides to humiliate her in front of her friends and play a joke on her. To do this he decides to offer her his $100,000 Porsche for only $5,000 believing that she would of course have to say "no" since she lost all her money. Alicia surprises him however, by accepting his offer, shouting gleefully "Of course I will buy your Porsche for $5000. Thanks Bill!" Is there a valid contract

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)

Who has summer school : ( because i do : (

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period