Prepare Adjusting Entries for the Following Transactions

question 161

Essay

Prepare adjusting entries for the following transactions:
a) The beginning balance of the supplies account was $245. During the month the company bought additional supplies in the amount of $735. At the end of the month a physical inventory showed $343 of unused supplies.
b) The company has a 12% note payable in the amount of $17,000 due in 6 months. The interest expense for the month has not been recorded.
c) The company has two employees. The manager is paid on the 15th of every month for work performed during the first half of the month and on the 1st of the following month for the work performed during the second half of the month. His monthly salary is $5,500. The other employee is paid $650 for each 5-day work week Monday - Friday). The last day of the month fell on Thursday.
d) The unearned revenue account shows a balance of $46,000. According to the manager 60% of that amount has been earned.
e) At the end of the month $5,700 of services had been performed but not yet billed.

Identify and describe various anxiety and mood disorders.

Comprehend the basic concepts and terminology related to psychological disorders.

Recognize treatment options for various psychological disorders, focusing on medication and their target neurotransmitters.

Understand the role of genetic and environmental factors in the manifestation of psychological disorders.

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Definitions:

Bystander Effect

A behavior observed in social settings where the presence of other individuals decreases the likelihood of offering aid to a victim.

Sociocultural Perspective

A view that emphasizes the importance of societal and cultural factors in shaping behavior and cognitive processes.

Clinical Psychologist

A professional specialized in diagnosing and treating mental illness, emotional disturbances, and dysfunctional behavior.

Weakest Relationship

The minimal or least strong connection or association between two entities or concepts.