On january 10, molly amise uses her blossom company credit card to purchase merchandise from blossom company for $1,900. on february 10, molly is billed for the amount due of $1,900. on february 12, molly pays $1,000 on the balance due. on march 10, molly is billed for the amount due, including interest at 2% per month on the unpaid balance as of february 12. prepare entries for recognizing accounts receivable.

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.