Using the Following Information and the Trial Balance Accounts and Balances

question 152

Essay

Using the following information and the trial balance accounts and balances in the work sheet provided,complete the work sheet.
a.Expired insurance totals $260.
b.Of the unearned revenue,all has been earned by the balance sheet date.
c.Estimated depreciation of equipment is $120.
d.Accrued wages equal $400.
e.Unused supplies on hand are $90.

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Definitions:

Cultural Relativism

Is the belief that all cultures have equal value.

Ethnocentrism

The tendency to judge other cultures exclusively by the standards of one’s own.

Pluralism

Is the retention of racial and ethnic culture combined with equal access to basic social resources.

Universalism

A philosophical and theological concept that some ideas have universal application or applicability.