Center Company Is Completing the Accounting Cycle at the End

question 53

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Center Company is completing the accounting cycle at the end of the annual accounting period,December 31,2011.No adjusting entries have been made during the year so three adjusting entries must be made at this date to update the accounts.The following accounts,selected from Center Company's chart of accounts,are to be used for this purpose.They are coded to the left for easy reference. $\begin{array} { l l l l } \text { A. } & \text { Supplies expense } & \text { I. } & \text { Unearned rent } \\\text { B. } & \text { Supplies } & \text { J. } & \text { Rent expense } \\\text { C. } & \text { Interest receivable } & \text { K. } & \text { Wage expense } \\\text { D. } & \text { Equipment }&\text { L. } & \text { Depreciation expense } \\\text { E. } & \text { Accumulated depreciation } & \text { M. } & \text { Interest expense } \\\text { F. } & \text { Notes payable } & \text { N. } & \text { Interest revenue } \\\text { G. } & \text { Interest payable } & \text { O. } & \text { Rent revenue } \\\text { H. } & \text { Wages payable } & \text { P. } & \text { Some other account not listed }\end{array}$ $Center Company is completing the accounting cycle at the end of the annual accounting period,December 31,2011.No adjusting entries have been made during the year so three adjusting entries must be made at this date to update the accounts.The following accounts,selected from Center Company's chart of accounts,are to be used for this purpose.They are coded to the left for easy reference. \begin{array} { l l l l } \text { A. } & \text { Supplies expense } & \text { I. } & \text { Unearned rent } \\ \text { B. } & \text { Supplies } & \text { J. } & \text { Rent expense } \\ \text { C. } & \text { Interest receivable } & \text { K. } & \text { Wage expense } \\ \text { D. } & \text { Equipment }&\text { L. } & \text { Depreciation expense } \\ \text { E. } & \text { Accumulated depreciation } & \text { M. } & \text { Interest expense } \\ \text { F. } & \text { Notes payable } & \text { N. } & \text { Interest revenue } \\ \text { G. } & \text { Interest payable } & \text { O. } & \text { Rent revenue } \\ \text { H. } & \text { Wages payable } & \text { P. } & \text { Some other account not listed } \end{array}$

Appreciate the importance of creating an inclusive and supportive work environment for older workers.

Understand the importance of diversity management in creating equitable work opportunities.

Understand the components of wellness and identify behaviors that do not contribute to wellness.

Recognize the importance of regular physical activity and strategies for incorporating exercise into a busy schedule.

Definitions:

Positive Instance

An item that belongs to a given class and possesses the trait attributed to the class by a given generalization.

Negative Instance

An item that belongs to a given class and does not possess the trait attributed to the class by a given generalization.

Inductive Generalization

A reasoning process that involves making broad generalizations based on specific observations.

General Principle

A broad and foundational rule or belief that guides actions and understanding in various situations.