Record the Following Transactions in the T Accounts Below $\$ 25,000$

question 91

Essay

Record the following transactions in the T accounts below.Indicate next to each entry the number for that transaction.After all transactions have been recorded,foot the accounts where necessary and enter the balances in the proper places.Prepare a trial balance for Douglas Distinctive Services as of December 31,20--.
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1. Mr. Douglas invested $\$ 25,000$ cash in the business.
2. Purchased equipment worth $\$ 7,000$ with a $\$ 500$ down payment. The remainder is due in 30 days.
3. Paid $\$ 900$ cash for a six-month insurance policy.
4. Received $\$ 3,000$ cash from customers for services rendered.
5. Paid wages, $\$ 1,750$ .
6. Received and paid advertising bill of $\$ 100$ .
7. Performed services worth $\$ 2,500$ for credit customers.
8. Received $\$ 1,700$ cash from customers previously billed on account.
9. Mr. Douglas withdrew $\$ 5,300$ cash for personal use.
10. Paid utility bill, $\$ 205$ . ​
$\begin{array}{cc}\text {Cash }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text { Accounts Receivable}\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text {Prepaid Insurance }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text {Equipment }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text {Accounts Payable }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text { Douglas, Capital}\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text { Douglas, Drawing}\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text { Repair Fees}\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text {Wages Expense }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ ​
$\begin{array}{cc}\text {Advertising Expense }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$ $\begin{array}{cc}\text {Utilities Expense }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}$

Understand the relationship between aggression, environmental factors, and psychological states.

Recognize the bio-social factors influencing aggressive behavior, including the role of neurotransmitters and physical conditions.

Understand the characteristics of highly engaged employees and the benefits they bring to an organization.

Recognize the importance of goal setting and strategies to achieve personal and professional objectives.

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Definitions:

Sherif's Research

Studies conducted by Muzafer Sherif that focus on social norms, conformity, and the influence of group dynamics on individual behavior.

Negative Attitudes

Predispositions or inclinations to evaluate people, objects, events, or situations unfavorably.

Maximum Obedience

The highest level of adherence or compliance to directives, orders, or instructions from an authority figure.

Shock Intensities

The levels of electrical current used in experiments or therapeutic treatments, often associated with studies in classical conditioning or pain management.