Presented Below Is Selected Financial Information for Stanley's Bike Shop

question 234

Essay

Presented below is selected financial information for Stanley's Bike Shop.Using the appropriate information,prepare its balance sheet at December 31,2014.
$\begin{array}{|l|r|}\hline \text { Total assets at December } 31,2014 & \$ 91,000 \\\hline 2014 \text { expenses } & 38,000 \\\hline \text { Total equity at December } 31,2013 & 48,000 \\\hline \text { Total liabilities at December } 31,2014 & 35,000 \\\hline 2014 \text { revenues } & 46,000\\\hline\end{array}$

---

Definitions:

Prototype-Matching Theory

A theory in cognition suggesting that object recognition is based on the comparison of the object to a prototype or the most typical instance of a particular category.

Gestalt Principles

Rules describing how humans naturally perceive objects as organized patterns and wholes, rather than separate components.

Context Effects

The influence that environmental factors or surrounding information can have on the perception, understanding, and memory of stimuli.

Top-Down Theories

Theories that emphasize how prior knowledge, expectations, or beliefs influence perception and understanding.