Requirement: Make the Journal Entries for Both of the Following

question 163

Essay

Requirement: Make the journal entries for both of the following:
(a) On December 1, $18,000 was received for a service contract to be performed from December 1 through until April 30.
(b) If the service work for this contract is performed evenly and on a regular basis throughout this period, prepare the adjusting journal entry as of year-end, December 31.

Identify the impact of technological advancements and societal changes on the patterns and prevalence of certain crimes.

Comprehend different theories and explanations related to the causes of crime and criminal behavior.

Analyze the role of socioeconomic factors and ethnic succession in the formation and operation of criminal gangs and organized crime groups.

Understand the legal and social definitions of crimes and how they are euphemistically referred to within society and by individuals.

---

Definitions:

Cost-Benefit Analysts

Professionals who evaluate the financial implications and outcomes of actions and projects, comparing the total expected costs against the total expected benefits to determine the best course of action.

Tragedy of the Commons

The Tragedy of the Commons is a situation in a shared-resource system where individual users acting independently and rationally according to their own self-interest behave contrary to the common good of all users by depleting or spoiling the shared resource.

Economically Efficient

A situation where resources are allocated in a way that maximizes the net benefits to society or achieves the desired output with the least possible input.

Tragedy of the Commons

A scenario where individuals, guided solely by their personal gain, independently exploit or degrade communal assets, despite such actions being against the collective long-term benefits.