The Pet Sitters,Inc

question 56

Essay

The Pet Sitters,Inc.,had the following transactions during the month of January.For each of the transactions,prepare journal entries.
A.Paid $5,000 cash for cat litter,of which $600 was used during January,and $4,400 will be used during February through April.
B.Paid $4,480 for wages and salaries,one-half of which employees had earned in December and one-half of which related to January.
C.Paid $480 in advance for February utilities.
D.Provided $12,000 in services on account.
E.Paid $800 on accounts payable.
F.Received $210 from customers as deposits for future pet sitting services.
G.Obtained $390 in vet services during the month,but will not pay the bill until February.
H.Paid $780 for equipment.

Recognize the phenomenon of automatic egotism and its effect on self-perception.

Grasp the role of the consistency motive in guiding individual efforts and attention.

Explain the self-reference effect and its impact on information processing and memory.

Compare the strengths and weaknesses of self-enhancement, appraisal, and consistency motives.

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Definitions:

Laissez-Faire

A leadership or management style characterized by a minimal amount of direct supervision, allowing individuals or teams considerable freedom in their work.

Transactional Leader

A leadership style focused on the exchange between leader and followers, where compliance is exchanged for specified rewards.

Transformational Leader

A leadership approach that causes change in individuals and social systems, by creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.

Leadership Substitutes Theory

A concept suggesting that certain characteristics of the organization, task, or subordinates themselves can diminish or replace the need for leadership.