The Following Is the Adjusted Trial Balance as of December

question 90

Essay

The following is the adjusted trial balance as of December 31,2016 of Mason Photography:
$\begin{array}{|l|r|r|}\hline \text { Account } & \text { Debit } & \text { Credit } \\\hline \text { Cash } & \$ 1,700 & \\\hline \text { Accounts Receivable } & 8,500 & \\\hline \text { Supplies } & 100 & \\\hline \text { Equipment } & 7,50 &\\\hline\text { Accumulated Depreciation-Equipment } & & \$ 2,000 \\\hline \text { Accounts Payable } & & 1,200 \\\hline \text { Salaries Payable } & & 800 \\\hline \text { Unearned Revenue } & & 600 \\\hline \text { Common Stock } & & 3,400 \\\hline \text { Dividends } & 2,300 &\\\hline \text { Service Revenue } & & 40,000 \\\hline \text { Salaries Expense } & 24,000 & \\\hline \text { Supplies Expense } & 2,300 & \\\hline \text { Depreciation Expense-Equipment } & 1,600 & \\\hline \text { Total } & \underline{\$ 48,000} & \$ 448,000 \\\hline\end{array}$ Provide the closing entry for revenues.

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Definitions:

Empathic Response

The ability or act of understanding, sharing, and responding to the emotional state of another individual.

Classical Psychoanalytic Theory

A theory developed by Sigmund Freud that suggests human behavior is influenced by unconscious motives and conflicts rooted in childhood experiences.

Unconscious Motivations

The underlying and often unrecognized drives and desires that influence an individual's behavior and decision-making processes.

Negative Feeling

An unpleasant or unhappy emotion, such as sadness, anxiety, or anger.