Based on the following trial balance for Barry's Automotive Shop, prepare an income statement, statement of owner's equity, and a balance sheet. Barry made no additional investments in the company during the year.
Barry's Automotive Shop Trial Balance December 31
Cash Accounts receivable Supplies Repair shop equipment Service truck Accounts payable Barry, Capita $12,5001,50050027,00033,000135$2,60038,525 Barry. Capital Barry. Withdrawals Service revenue Supplies expense Rent expense Udilities expense Gas expense Wages expense Totals 36,0003,42518,0005,0007,20022,000$166,12538,525125,000$166,125
Analyze the effects of colonial policies and conflicts on the colonists and indigenous peoples.
Examine the economic strategies and policies of European powers in their American colonies.
Identify the sociopolitical and economic factors that shaped the identities and cultures of colonial societies.
Understand the impacts of European colonialism on the native populations in terms of land acquisition and religious practices.
Definitions:
Norms
Shared expectations and rules that guide behavior of people within social groups, organizations, or cultures.
Adjourning
The final stage in Tuckman's model of group development, characterized by the completion of task objectives and dissolution of the group structure.
Performing
The way in which a team is invested towards achieving its goals and operates as a unit.
Nominal Group Technique
A structured method for group brainstorming that encourages contributions from everyone in the group to identify solutions for problems.