The Records of Skymaster Airplane Rentals Show the Following Information

question 124

Essay

The records of Skymaster Airplane Rentals show the following information as of December 31,2011
$\begin{array}{|l|r|l|r|}\hline\text { Accounts payable } & \$ 36,000 & \text { 2011 Wages expense } & \$ 75,000 \\\hline \text { Insurance expense } & 2,000 & \text { 2011 Advertising expense } & 22,000 \\\hline \text { Accounts receivable } & 24,000 & \text { Cash } & 11,000 \\\hline \text { Retained earnings, } & & \text { Common stock } & 20,000 \\\text { December } 31,2010 & 130,000 & \text { Office furniture } & 15,000\\\hline \text { Airplanes } & 150,000 & \text { 2011 Maintenance expense } & 39,000 \\\hline \text { Notes payable } & 47,000 & 2011 \text { Revenues } & 217,000 \\\hline \text { Hangar } & 60,000 & &\\\hline\end{array}$

Dividends of $52,000 were paid during 2011.
Using the above information,prepare a balance sheet at December 31,2011.

Grasp the processes undertaken during the writing phase of business messages.

Identify specific and general purposes of business communications.

Understand the importance of setting realistic goals for business messages.

Properly allocate time among planning, writing, and completing stages of the writing process.

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Definitions:

Complements

Goods or services that are used together, where the demand for one is increased when the price of the other decreases.

Baby Boom

A significant increase in the birth rate, particularly the post-World War II population surge between 1946 and 1964.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price.

Preschool Services

Educational and care services provided to children, typically between the ages of 3 and 5, aimed at early childhood development and preparation for formal schooling.