Journal to journalize the following four transactions during the month of August: a. On July 5, Gadget Palace purchases inventory for sale from Turbo Tools for $11,400.00 with terms 2/10, n/30.
b. On July 6, Gadget Palace pays Fast Truck Transport $75.00 for freight in on the July 5 order.
c. On July 8, Gadget Palace receives a credit memo from Turbo Tools for $215.00 for damaged merchandise.
d. On July 15, Gadget Palace pays Turbo Tools the balance due.

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?