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:

Competing Influences

The presence of multiple factors or agents that exert opposing forces or impacts on an individual's behavior or decisions.

Personal Front

A term from Erving Goffman's dramaturgical analysis, referring to the expressive equipment of a standard kind intentionally or unwittingly employed by the individual during performances.

Looking-Glass Self

The Looking-Glass Self is a sociological concept that describes how an individual's self-image is shaped by how others perceive them, essentially seeing ourselves through the eyes of others.

Strict Instructions

Directives or guidelines that are emphasized to be followed precisely without deviation.