The Partial Unadjusted Trial Balance of Erif Corporation at December

question 131

Short Answer

The partial unadjusted trial balance of Erif Corporation at December 31, 2020 follows. All accounts have normal balances.
The following additional information is available at the December 31, 2020 year end: a. Insurance expense represents a 3-year insurance policy for the period from January 1, 2020 to December 31, 2022. b. A count of office supplies reveals that at December 31, 2020, the company had $500 of office supplies on hand. c. The company's lease, signed on January 1, 2020, specifies monthly rent of $4,000, or $48,000 a year. d. The December 2020 utility bill has not yet been received and is not included in the trial balance. The utility bill averages $400 a month. Required - Using the information above, find the balances in the following account balances, after adjustment, at December 31, 2020:
-Utilities Expense

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Definitions:

Unconditioned Response (UR)

An automatic, natural reaction to a stimulus that occurs without any need for prior learning or conditioning.

Ringing Bell

A sound or signal produced by a bell, often used to mark the beginning or end of an event, or to draw attention.

Conditioned Stimulus (CS)

In classical conditioning, an originally neutral stimulus that, after association with an unconditioned stimulus (US), comes to trigger a conditioned response (CR).

Pavlov's Experiments

A series of studies conducted by Ivan Pavlov that demonstrated classical conditioning, where dogs learned to associate a neutral stimulus (bell) with an unconditioned stimulus (food), leading to a conditioned response (salivating).