Marisol Company Has Just Completed Operations for the Year Ended

question 166

Essay

Marisol Company has just completed operations for the year ended December 31,2016.This is the second year of operations for the company.The following data have been assembled for the business.
$$\begin{array} { | l | r | l| } \hline \text { Accounts Payable } & \$ 12,200& \text { Office Expense } & \$ 6,500 \\\hline \text { Accounts Receivable } & 14,500& \text { Rent Expense } & 9,600 \\\hline \text { Cash } & 8,200& \text { Retained Earnings, Jan. 1,2016 } & 8,300 \\\hline \text { Common Stock } & 9,000& \text { Salaries Expense } & 36,000 \\\hline \text { Dividends } & 13,500 &\text { Service Revenue } & 84,000 \\\hline \text { Equipment } & 15,000 &\text { Utilities Expense } & 6,200 \\\hline \text { Insurance Expense } & 4,000 & \\\hline\end{array}$$ Prepare the statement of retained earnings.Use a proper heading.

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Definitions:

Secondary Appraisal

The evaluation of one's ability to cope with the consequences of a stressful event after recognizing it as a threat or challenge.

Primary Appraisal

The initial evaluation process in which an individual assesses the significance of a stressor as a threat, challenge, or harm/loss.

Lazarus's Theory

A concept in psychology that emphasizes the role of cognitive appraisal in emotions, suggesting that emotions are a result of an individual's evaluation of a situation.

Problem-focused Coping

A strategy for managing stress by directly tackling the problem that is causing emotional distress.