The Following Are Transactions for the City of Franklin

question 50

Essay

The following are transactions for the city of Franklin.
a.Borrowed $20,000 by issuing a two-year note.
b.Purchased equipment for $6,000 cash.
c.Licenses for $700 were billed on account.
d.Accrued employee salary costs of $7,000.
e.Depreciation expense on equipment for year,$1,000.
Required:
Analyze the above transactions by using the accounting equation for a governmental fund.

Explain the economic motivations behind the British and colonial actions and responses.

Recognize the significance of unity and organization among the colonies in response to British policy.

Understand the impact of British military actions and legislation on colonial life.

Examine the changing relationship between the British, the colonists, and Native Americans.

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Definitions:

Thanatos

According to the Freudian view, the basic death instinct that functions in opposition to the life instinct.

Psychodynamic

An approach in psychology which emphasizes systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Sociocultural

Relating to the combined influence of social and cultural factors on an individual's behavior and development.

Freudian View

is a perspective based on the theories of Sigmund Freud, which emphasizes the role of unconscious processes in shaping behavior, thoughts, and emotions.