The Following Transactions Apply to Warren Fitness Center for 2012

question 113

Essay

The following transactions apply to Warren Fitness Center for 2012.
1) Started the business by issuing $38,000 of common stock for cash.
2) Provided services to clients and received $28,500 cash.
3) Borrowed $7,500 from the bank.
4) Paid $6,500 for rent of equipment.
5) Purchased land for $12,000.
5) Paid $16,600 of salary expense.
6) Cash dividends of $4,500 were paid to the stockholders.
Required:
a) What are the total assets of the business at the end of 2012?
b) Prepare a Statement of Cash Flows for 2012.

Acknowledge the transition from heteronomous to autonomous morality in moral development.

Learn about the social structure and peer relationship dynamics in childhood.

Distinguish between different children’s social statuses based on peer interactions and perceptions.

Understand the importance of moral dilemmas and social conventions distinction in moral development.

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Definitions:

Fibula

A long, slender bone located on the lateral side of the tibia, in the lower leg.

Trabeculae

The network of irregularly shaped plates in spongy bone tissue, providing structural support and helping to reduce the weight of the bone.

Spongy Bone

A type of bone tissue that is characterized by a honeycomb structure, consisting of trabeculae filled with bone marrow; found at the ends of long bones and in the inner layer of other bones.

Osteon

The fundamental functional unit of compact bone, consisting of a central canal surrounded by concentric rings of bone matrix and cells.