For Each of the Following Transactions,match the Action (Debit or Credit)and

question 47

Essay

For each of the following transactions,match the action (Debit or Credit)and the account type (Asset,Liability,Revenue,or Expense)to each account for the appropriate adjustment that needs to be made at the end of June.Also,show the effect on Retained Earnings.
(D)Debit or (C)Credit
(A)Asset,(L)Liability,(R)Revenue or (E)Expense Account
$\int$ or › Retained Earnings
a.The company has insurance costs of $620 a day for the month of June.On June 1 the company had $26,000 of prepaid insurance.
b.The company provides services in June for which it had received payment of $18,300 in May.
c.The company had $12,500 worth of labour performed by workers who will be paid in July.
d.The company had income before income taxes of $287,400 for June and will pay taxes at the rate of 36%.The tax will be paid in July.
e.The company had interest of $1,000 due for June on a Certificate of Deposit (CD).The interest will be received in August.
$\begin{array}{lrr} \text { Insurance expense: Action ( \( \mathrm{D} \) or C) } &\underline{\quad\quad}& \text { Account Type \( (A, L, R, o r E) \)} &\underline{\quad\quad} \\ \text { Prepaid insurance: Action (D or C) } &\underline{\quad\quad}& \text { Account Tvpe (A. L. R. or E) }&\underline{\quad\quad} \\ \text { Effect on Retained earnings: } &\underline{\quad\quad}\\\end{array}$
$\begin{array}{lrr} \text { Insurance expense: Action ( \( \mathrm{D} \) or C) } &\underline{\quad\quad}& \text { Account Type \( (A, L, R, o r E) \)} &\underline{\quad\quad} \\ \text { Prepaid insurance: Action (D or C) } &\underline{\quad\quad}& \text { Account Tvpe (A. L. R. or E) }&\underline{\quad\quad} \\ \text { Effect on Retained earnings: } &\underline{\quad\quad}\\\end{array}$

$\begin{array}{lrr} \text { Insurance expense: Action ( \( \mathrm{D} \) or C) } &\underline{\quad\quad}& \text { Account Type \( (A, L, R, o r E) \)} &\underline{\quad\quad} \\ \text { Prepaid insurance: Action (D or C) } &\underline{\quad\quad}& \text { Account Tvpe (A. L. R. or E) }&\underline{\quad\quad} \\ \text { Effect on Retained earnings: } &\underline{\quad\quad}\\\end{array}$

$\begin{array}{lrr} \text { Insurance expense: Action ( \( \mathrm{D} \) or C) } &\underline{\quad\quad}& \text { Account Type \( (A, L, R, o r E) \)} &\underline{\quad\quad} \\ \text { Prepaid insurance: Action (D or C) } &\underline{\quad\quad}& \text { Account Tvpe (A. L. R. or E) }&\underline{\quad\quad} \\ \text { Effect on Retained earnings: } &\underline{\quad\quad}\\\end{array}$

$\begin{array}{lrr} \text { Insurance expense: Action ( \( \mathrm{D} \) or C) } &\underline{\quad\quad}& \text { Account Type \( (A, L, R, o r E) \)} &\underline{\quad\quad} \\ \text { Prepaid insurance: Action (D or C) } &\underline{\quad\quad}& \text { Account Tvpe (A. L. R. or E) }&\underline{\quad\quad} \\ \text { Effect on Retained earnings: } &\underline{\quad\quad}\\\end{array}$

Distinguish between information and data.

Identify and understand the role and types of collaborative online knowledge platforms.

Know the function and application of metasearch tools.

Understand sampling methods in research, including simple random sampling and area sampling.

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Definitions:

Medical Care

Refers to the services provided by health professionals to diagnose, treat, and prevent illness, injury, and other physical and mental impairments in people.

Sick Role

A concept in medical sociology that describes the patterns of behavior that a sick person adopts to minimize the disruptive impact of their illness on others.

Theoretical Perspective

An established principle or set of principles proposed to explain phenomena, guiding the collection and analysis of related facts.

Utilize Health Services

The act of seeking and making use of medical care, treatments, and facilities to maintain or improve one's health.