Table 2-2
the Following Is a List of the Accounts

question 18

Essay

Table 2-2
The following is a list of the accounts and their balances appearing in the ledger of Martin Mann Garage as of December 31, 2019, the company's year end. The accounts are in alphabetical order and have normal balances. $\begin{array} { l r } \text { Accounts payable } & 1,350 \\\text { Accounts receivable } & 3,750 \\\text { Cash } & 1,200 \\\text { Equipment } & 37,800 \\\text { Gasoline expense } & 1,800 \\\text { Martin Mann, Capital } & 19,800 \\\text { Martin Mann, Withdrawals } & 1,500 \\\text { Notes payable } & 33,000 \\\text { Rent expense } & 3,600 \\\text { Repairs expense } & 1,950 \\\text { Salary expense } & 2,100 \\\text { Salary payable } & 300 \\\text { Service revenue } & 24,750 \\\text { Supplies } & 600 \\\text { Supplies expense } & 900 \\\text { Truck } & 24,000\end{array}$
-Refer to Table 2-2. Prepare a Statement of Owner's Equity for Martin Mann Garage for the year ended December 31, 2019. Assume the capital amount did not change since January 1, 2019.

Interpret and evaluate the effects of public policies and reforms on poverty and welfare.

Identify societal attitudes towards poverty and government responsibility in its alleviation.

Analyze the sociological and structural causes of inequality and its perpetuation in society.

Understand the role of technology and access to resources in creating societal divisions.

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Definitions:

Representation Heuristic

A cognitive shortcut that involves making a decision based on how much something resembles a typical case.

Error

A mistake or inaccuracy in action, calculation, opinion, or judgment caused by poor reasoning or misunderstanding.

Judgment

The ability to make considered decisions or come to sensible conclusions.