Harris, Inc. incurred the following transactions during the month of February. Record the appropriate ones in the cash payments journal. Include posting references. If a transaction should not be recorded in the cash payments journal, indicate where it should be posted.
(a)On February 3, the company purchased $650 worth of supplies on account. The supplies account number is 15.
(b)On February 5, Harris, Inc. made a payment on account to Sanders Industries in the amount of $1,215
(Check No. 2214).
(c)On February 14, Harris, Inc. bought a one-year insurance policy for $1,500. The prepaid insurance account number is 14
(Check No. 2215).
(d)On February 22, Harris, Inc. paid monthly rent of $2,000. The rent expense account number is 63
(Check No. 2216).
(e)On February 26, Harris, Inc. purchased equipment making a down payment of $3,000
(Check No. 2217) and agreeing to pay the $4,000 balance in 30 days. The equipment account number is 18.? $$\begin{array}{lllllll}\text{ Date }& \begin{array}{c}\text{ Ck. }\\ \text{ No. }\end{array}& \text{ Account Debited }& \begin{array}{c}\text{ Post. }\\ \text{ Ref. }\end{array}& \begin{array}{c}\text{ Other }\\ \text{ Accounts }\\ \text{ Dr. }\end{array}& \begin{array}{c}\text{ Accounts }\\ \text{ Payable Dr. }\end{array}& \begin{array}{c}\text{ Cash }\\ \text{ Cr. }\end{array}\\ & & & & & & \\ & & & & & & \\ & & & & & & \\ & & & & & & \\ & & & & & & \end{array}$$

The shift in focus of leadership literatures reflects an increased interest in understanding how executives can transform their companies to cope with all of the following EXCEPT ________.

A) globalization
B) maintaining the status quo
C) increasing international competition
D) rapid technological and social change

Organizations that rely heavily on functional specialization may expect the following tendencies to emerge over time: an emphasis on quality from a technical standpoint, rigidity to change, and difficulty in coordinating the actions of different functional areas.

suppose every Buick owner's demand for gasoline is 20  5p for p less than or equal to 4 and 0 for p  4.Every Dodge owner's demand is 15  3p for p less than or equal to 5 and 0 for p  5.Suppose that Gas Pump, South Dakota, has 100 Buick owners and 250 Dodge owners.If the price of gasoline is $4, what is the total amount of gasoline demanded in Gas Pump?

A) 1,500 gallons
B) 375 gallons
C) 1,125 gallons
D) 750 gallons
E) None of the above.

If the elasticity of demand for a good is 0.2,then the demand for that good is

A) perfectly elastic.
B) elastic.
C) unit elastic.
D) inelastic.
E) perfectly inelastic.

Does a more steeply sloped Phillips curve make the sacrifice ratio smaller or larger than otherwise?