Answer the Following Questions.(Show Your Work. )

question 47

Essay

Answer the following questions.(Show your work. )
a.Revenue of $60,000 was earned,but only $45,000 was collected.Expenses of $36,000 were incurred,but only $30,000 was paid.What is reported net income?
b.Wages of $4,000 are paid every Friday for a five-day workweek.If year end falls on a Tuesday,the adjusting entry for wages would be recorded at what amount?
c.A company vehicle is purchased for $24,000.Assuming an eight-year useful life and zero value at that time,what is the balance of accumulated depreciation after five years?
d.Supplies Expense of $3,600 was recorded for a given year.Assuming that $2,400 in supplies were purchased during the year and that $640 in supplies remained at year end,what was the cost of supplies at the beginning of the year?

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Definitions:

Confrontation Methods

Techniques used in therapy or conflict resolution that involve directly addressing and challenging a person's behaviors, attitudes, or beliefs.

Existential Therapists

Professionals who apply principles of existential therapy, focusing on free will, self-determination, and the search for meaning often in the face of existential concerns like death and isolation.

Paradoxical Intention

A cognitive behavioral strategy involving advising clients to purposely engage in or exaggerate a feared behavior or thought as a way to diminish its intensity and remove its control over them.

Authentic Existence

Living in a manner true to one's values, desires, and beliefs, rather than conforming to external pressures or expectations.