Given Below Are the Accounts from the Ledger AFTER Adjustments

question 151

Essay

Given below are the accounts from the ledger AFTER adjustments have been posted at December 31.
$\begin{array}{lrlr}\text { Sales Revenue } & \$ 60,000 & \text { Accounts Receivable } & \$, 200 \\\text { Accounts Payable } & 1,500 & \text { Rent Expense } & 2,100 \\\text { Cash } & 25,600 & \text { Prepaid Rent } & 1,500 \\\text { Interest Expense } & 2,900 & \text { Interest Payable } & 800 \\\text { Retained Earnings, Jan. 1 } & 22,100 & \text { Dividends } & 5,000 \\\text { Depreciation Expense } & 1,000 & \text { Supplies } & 900 \\\text { Supplies Expense } & 2,200 & \text { Cost of Sales } & 40,000 \\\text { Notes Payable } & 3,000 & \text { Common Shares } & 2,000\end{array}$
A) Identify which adjustments were likely made that are the following:
1. accrued assets
2. accrued liabilities
B) Which accounts listed above would not be used in a cash-basis system?

Analyze and apply the concepts of readability in training materials.

Recognize the importance of team training and its impact on organizational effectiveness.

Comprehend the role of action learning in solving real-world problems and improving team dynamics.

Understand basic statistical operations and their applications.

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Definitions:

Negative Charge

A type of electrical charge characterized by the presence of more electrons than protons in an atom or molecule.

Electron

A subatomic particle with a negative charge, fundamental to electricity and chemical bonding.

Light

Electromagnetic radiation that is visible to the human eye, with wavelengths approximately between 380 and 750 nanometers.

Particles

Small localized objects to which can be ascribed several physical properties such as volume or mass; often used in the context of physics to discuss components of atoms and molecules.