Consider a case of possible price discrimination: lunch specials at restaurants. Some restaurants may offer a soup and salad for five dollars during lunch hours and offer the same dish for eight dollars during dinner hours. Suppose that the soup and salad is the cheapest dinner option, and that the restaurant, although usually only half full during lunch hours, is often full enough during dinner hours that people end up choosing to eat elsewhere because of the wait. In what way might this difference in prices not be price discrimination

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.