Use the Following Accounts and Information to Prepare,in Good Form,an

question 5

Essay

Use the following accounts and information to prepare,in good form,an income statement,statement of retained earnings,and balance sheet for Hometown Industries for the month ended July 31,2010.
$\begin{array}{lrlr}\text { Accounts Payable } & \$ 3,100 & \text { Land } & \$ 35,000 \\\text { Accounts Receivable } & 1,400 & \text { Notes Payable } & 3,300 \\\text { Buildings } & 22,000 & \text { Rent Expense } & 2,400 \\\text { Cash } & 15,600 & \text { Retained Earnings, June } & 57,900 \\& & 30,2010 & \\\text { Commissions Earned } & 12,700 & \text { Salaries Expense } & 10,000 \\\text { Common Stock } & 20,000 & \text { Supplies } & 400 \\\text { Dividends } & 8,000 & & \\\text { Insurance Expense } & 2,200 & &\end{array}$

Discuss the advantages and challenges of environmental and performance-based assessments in counseling and psychology.

Understand the use and analysis of genograms in family systems assessment.

Describe how informal assessment techniques complement the overall assessment process in understanding clients' behaviors and attributes.

Understand the inherent subjectivity and potential biases in rating scales.

---

Definitions:

Taxi Drivers

Individuals whose profession involves driving passengers to their desired destinations in a taxi.

London

The capital and largest city of England and the United Kingdom, known for its rich history, architecture, arts, and diverse culture.

Strategy

A planned series of actions aiming at achieving specific goals or solving a problem.

Unskilled Person

An individual lacking professional skills or abilities, especially in relation to a particular task or job.