Use the Following Accounts and Information to Prepare,in Good Form,an

question 65

Essay

Use the following accounts and information to prepare,in good form,an income statement,statement of retained earnings,and balance sheet for Jasper Enterprises for the year ended December 31,2013.
$\begin{array}{lrlr}\text { Accounts Payable } & \$ 9,600 & \text { Land } & \$ 78,000 \\\text { Accounts Receivable } & 1,200 & \text { Notes Payable } & 12,000 \\\text { Buildings } & 104,000 & \text { Rent Expense } & 7,200 \\\text { Cash } & 52,400 & \text { Retained Earnings, }& 168,800 \\& & \text { December 31, 2012 } \\\text { Sales Revenues } & 38,000 & \text { Salaries Expense } & 16,800 \\\text { Common Stock } & 40,000 & \text { Inventory } & 800 \\\text { Dividends } & 6,000 & & \\\text { Utilities Expense } & 2,000 & &\end{array}$

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Definitions:

Job Offer

A proposal by an employer to a prospective employee to take up a position of employment, typically specifying the terms of employment.

Interviewer

A person who asks questions of another person (the interviewee) in an interview, typically for the purposes of assessing qualifications for a job.

Decision Making Process

A systematic series of steps taken to identify and evaluate options to make a choice or solve a problem.

Nonverbal Behavior

Communication without the use of spoken language, encompassing gestures, facial expressions, and body language.