Table 1-1
Following Is a Random List Showing the Account

question 119

Multiple Choice

Table 1-1
Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Spiffy's Garage at December 31, 2019, the end of its first year of operations. $\begin{array} { | l | r | } \hline \text { Accounts receivable } & \$ 15,000 \\\hline \text { Accounts payable } & 3,500 \\\hline \text { Salary expense } & 4,500 \\\hline \text { Repairs expense } & 800 \\\hline \text { Truck } & 8,500 \\\hline \text { Equipment } & 6,300 \\\hline \text { Notes payable } & 8,200 \\\hline \text { Cash } & 6,800 \\\hline \text { Supplies expense } & 1,600 \\\hline \text { Service revenue } & 12,800 \\\hline \text { Gasoline expense } & 800 \\\hline \text { Salary payable } & 2,200 \\\hline\end{array}$ The owner, Spiffy Sloan, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use.
-Refer to Table 1-1. Total liabilities at December 31, 2019, were:

• A)$12,800.
• B)$13,900.
• C)$20,600.
• D)$22,600.

Recognize the significance of interpersonal relationships in personality development, especially as seen in Horney's theories.

Understand the method and significance of using personal narratives in personality assessment.

Comprehend the role of gender and social factors in the development of personality as discussed by neo-Freudian theorists.

Explore the criticisms and limitations of Freudian and neo-Freudian theories of personality.

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Definitions:

Salaries

Fixed regular payments made by employers to employees, typically expressed as an annual sum and paid in monthly or biweekly intervals.

Net Income

The total earnings of a company after deducting all expenses, taxes, and costs from its total revenues.

Income and Losses

The total revenues gained minus the expenses and losses incurred by a business over a period, determining net profit or loss.

Accumulated Depreciation

The total amount of depreciation expense that has been charged against a fixed asset since it was acquired, reflecting its loss of value over time.