The Accounting Records of Cary's Magic Shows Reflect the Following

question 143

Essay

The accounting records of Cary's Magic Shows reflect the following account balances at January 1,2013:
$\begin{array}{llll} \text { Cash } & \$ 200,000 & \text { Supplies } & \$ 14,000 \\ \text { Common Stock } & \$ 100,000 &\text {Retained Earnings } & \$ 114,000\end{array}$
During 2013,the following transactions occurred:
1. On Febuuary 1, rented a small office for a one year period of time. Paid $\$ 12,000$ cash.
2. On November 1 , received $\$ 3,600$ cash for magic less ons to be provided evenly over November, December, and Jamary
3. By December 31 , used 6,000 of the supplies.
4. AtDecember 31 , accrued $\$ 5,000$ in wages and salaries.
5. During the year paid cash for $\$ 25,000$ in wages and salaries.
6. During the year, earned $\$ 65,000$ cash in magic lesson revenue. Required:
A) Determine the effect on financial statement accounts of the preceding transactions. Hint: It may be helpful to create a table to reflect the increases and decreases in account.
B) Prepare an income statement for 2013 ignoring income taxes.
C) Prepare a classified balance sheet at December $31,2013$ .

Understand the concept of motor units and their relation to muscle fibers.

Identify and describe the roles of muscle actions, including agonsits, antagonists, synergists, and fixators.

Explain the neuromuscular junction and synaptic mechanisms in muscle activation.

Understand the concept of muscle fatigue and its causes.

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Definitions:

Animal Communication

The transfer of information between animals through signals that can involve visual, auditory, chemical, or tactile means.

Cognitive Health

Pertains to the ability to think clearly, learn, and remember, being an essential component of brain health.

Physical Exercise

Any bodily activity that enhances or maintains physical fitness and overall health and wellness.

Beta-Amyloids

Beta-Amyloids are protein fragments snipped from an amyloid precursor protein, which in excessive amounts, can form plaques found in the brains of patients with Alzheimer's disease.