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Zybo Incorporated operates a window washing business. The following amounts were taken from the company's unadjusted trial balance at December 31, 2012:
Prepare any adjusting entries necessary at December 31, 2012, for each of the transactions that follow.
Capital Deepening
The increase in the amount of capital per worker, leading to higher productivity and possibly higher wages.
U.S. GDP Per Capita
A measure that divides the Gross Domestic Product of the United States by its total population, indicating the average economic output per person.
Average Rate
The mean value calculated by dividing the sum of rates by the number of rates, often used in finance to determine interest rates or growth rates.
Percent
Percent is a mathematical term describing a fractional number out of 100, used to denote proportions, rates, or comparisons.
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