Although I can't create a graph in this dialog box, I will describe the long-run equilibrium for Transnet. In economics, long-run equilibrium is concerned with the timeframe during which resources are still obtainable, as well as the associated costs and production volumes.
Response:
Details:
The journal entry for the payment received on April 13 from a customer is recorded as:
Date Account title and explanation Ref Debit Credit
Apr-13 Cash ($5000 - $150) $4,850
Sales discount ($5000* 3%) $150
Accounts receivable
$5000
(To document the payment received from the customer after discount
