Johnson Corporation Is Completing the Accounting Information Processing Cycle at the End

question 83

Essay

Johnson Corporation is completing the accounting information processing cycle at the end of the fiscal year,June 30,2010.Johnson has provided the following trial balances as of June 30,2010:

$\begin{array}{|l|r|r|r|r|}\hline {\text { June } 30,2010} \\\hline {\text { Account Titles }} & {\text { Unadjusted Trial Balance }} & {\text { Adjusted Trial Balance }} \\& \text { Debit } & \text { Credit } &{\text { Debit }} & \text { Credit } \\\hline \text { Cash } & \$ 13,000 & & \$ 13,000 & \\\hline \text { Accounts receivable } & 1,500 & & 1,800 & \\\hline \text { Prepaid insurance } & 600 & & 200 & \\\hline \text { Equipment } & 60,000 & & 60,000 & \\\hline \text { Accumulated depreciation } & & \$ 16,500 & & \$ 22,000 \\\hline \text { Wages payable } & & & & 100 \\\hline \text { Capital stock } & & 25,000 & & 25,000 \\\hline \text { Retained earnings } & & 11,600 & & 11,600 \\\hline \text { Service revenues } & & 38,000 & & 38,300 \\\hline \text { Wage expense } & 16,000 & & 16,100 & \\\hline \text { Depreciation expense } & & & 5,500 & \\\hline \text { Insurance expense } & & & 400 & \\\hline \text { Totals } & \$ 91,100 & \$ 91,100 & \$ 97,000 & \$ 97,000 \\\hline\end{array}$ Requirements:
A.Reconstruct the adjusting entries and give a brief explanation of each.
B.What is the amount of net income?
C.Calculate earnings per share (EPS)assuming 1,000 shares of common stock are outstanding.

Comprehend the genetic predisposition towards bipolar disorder.

Identify the biological mechanisms believed to cause mood disorders, specifically mania.

Describe the symptoms and diagnosis specific to bipolar I disorder.

Understand how unipolar depression is categorized.

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Definitions:

Aggressive Dog

A dog that exhibits behaviors intended to threaten or harm, often as a result of fear, territoriality, or lack of socialization.

Amygdala

A region of the brain within the temporal lobe, involved in experiencing emotions, particularly fear and pleasure.

Acquisition

The process of learning or obtaining new information, skills, behaviors, or possessions.

Fear

An emotional response to perceived threats or danger, often resulting in a desire to flee or fight.