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Distributed Systems Inspiring Minds/tutorialoutletdotcom The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of $400 due in 30 days would To Purchase This Material Click below Link FOR MORE CLASSES VISIT www.tutorialoutlet.com • ECN 313 Summer 2017SepidehRaei Homework 1: Due on Tuesday, May 23 in class1. Consider an economy with two firms. Firm A produces tomatoes and firm B producestomato sauce. In a given year, firm A produces 100,000 pounds of tomatoes, sells40,000 pounds of tomatoes to firm B at $3 per pound