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Question : 119. A company recorded 2 days of accrued salaries of $1,400 : 1225732

Accounting

 

119. A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. The January 31 and February 9 journal entries are: 

A. 

B. 

C. 

D. 

E. 

120. If accrued salaries were recorded on December 31 with a credit to Salaries Payable, the entry to record payment of these wages on the following January 5 would include: 

A. A debit to Cash and a credit to Salaries Payable.

B. A debit to Cash and a credit to Prepaid Salaries.

C. A debit to Salaries Payable and a credit to Cash.

D. A debit to Salaries Payable and a credit to Salaries Expense.

E. No entry would be necessary on January 5.

121. On May 1, Carter Advertising Company received $3,600 from Kaitlyn Breanna for advertising services to be completed April 30 of the following year. The Cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31, Year 2 would include: 

A. a debit to Earned Fees for $3,600.

B. a debit to Unearned Fees for $1,200.

C. a credit to Unearned Fees for $1,200.

D. a debit to Earned Fees for $2,400.

E. a credit Earned Fees for $2,400.

122. The balance in the prepaid insurance account before adjustment at the end of the year is $4,800, which represents the insurance premiums for four months. The premiums were paid on November 1. The adjusting entry required on December 31 is: 

A. Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.

B. Debit Prepaid Insurance, $2,400; credit Insurance Expense, $2,400.

C. Debit Insurance Expense, $1,200; credit Prepaid Insurance, $1,200.

D. Debit Prepaid Insurance, $1,200; credit Insurance Expense, $1,200.

E. Debit Cash, $4,800; Credit Prepaid Insurance, $4,800.

123. What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $7,750 before adjustment, and the unexpired amount per analysis of policies is, $3,250? 

A. Debit Insurance Expense, $3,250; credit Prepaid Insurance, $3,250.

B. Debit Insurance Expense, $4,500; credit Prepaid Insurance, $4,500.

C. Debit Prepaid Insurance, $4,500; credit Insurance Expense, $4,500.

D. Debit Insurance Expense, $7,750; credit Prepaid Insurance, $7,750.

E. Debit Cash, $7,750; Credit Prepaid Insurance, $7,750.

124. On March 31, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Melanie Publishing Company for each year of the subscription assuming Melanie uses a calendar reporting period? 

A. $15,480; $0; $0; $0.

B. $5,160; $5,160; $5,160.

C. $3,870; $5,160; $5,160; $1,290.

D. $0; $0; $0; $15,480.

E. The answer cannot be determined based on the information given.

125. On March 31, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately. What is the adjusting entry that should be recorded by Melanie Publishing Company on December 31 of the first year if the credit to record the collection was made to Unearned Fees? 

A. Debit Unearned Fees, $15,480; credit Fees Earned, $15,480.

B. Debit Unearned Fees, $5,160; credit Fees Earned, $5,160.

C. Debit Unearned Fees, $11,610; credit Fees Earned, $11,610.

D. Debit Unearned Fees, $1,290; credit Fees Earned, $1,290.

E. Debit Unearned Fees, $3,870; credit Fees Earned, $3,870.

126. On March 31, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Phoenix Company after adjustments on December 31 each year assuming Phoenix using a calendar reporting period? 

A. $15,480; $11,610; $6,540; $1,290.

B. $3,870; $5,160; $5,160; $1,290.

C. $5,160; $5,160; $5,160.

D. $11,610; $6,450; $1,290; $0.

E. The answer cannot be determined based on the information given.

127. A company made no adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31. Which of the following statements is true? 

A. It will have no effect on income.

B. It will overstate assets and liabilities by $9,000.

C. It will understate net income by $9,000.

D. It will understate assets by $9,000.

E. It will understate expenses and overstate net income by $9,000.

128. A company made no adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31. The entry to record the adjusting entry should have been: 

A. debit Salary Expense, $9,000; credit Cash, $9,000

B. debit Salary Expense, $9,000; credit Fees Earned, $9,000

C. debit Salary Expense, $9,000; credit Prepaid Salary, $9,000

D. debit Salary Expense, $9,000; credit Salaries Payable, $9,000

E. debit Salaries Payable, $9,000; credit Salary Expense

 

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July 1, 2023
    

Prior to beginning work on this assignment, review Chapters 1, 2, and 3 from the course text, read the article by Keller et al., (2012), 

Does the Perception That Stress Affects Health Matter? The Association With Health and Mortality
, and watch 

Seriously Stressed
. Many of you may be familiar with the classic tale of George Bailey (James Stewart) in It’s a Wonderful Life. George Bailey portrays a young man who encounters many major life events. Although he has ambitions to go to college and travel the world, the death of his father crushes his dreams. He decides to stay in his hometown to manage the family business, Bailey Building and Loan. Over the years, Henry F. Potter, George’s nemesis, tries to take over the family business as it struggles with financial difficulties. As time passes, George Bailey marries and has four children. George’s major stressor presents itself, and the way he perceives and reacts to this stressor, paves the way for the outcome of the movie. While George tries to run away from this stressor, the support of his family and friends help him through it.

To get a brief overview of the movie, watch 

It’s a Wonderful Life Trailer
 (2:11). Be sure to watch Frank Capra’s 1946 version of the film. Then search for the following clips that depict some of George’s stressful moments:

It's A Wonderful Life - Potter's Offer.mov - YouTube

View for the fight or flight response:



It’s a Wonderful Life Bank Run

Links to an external site.
 (4:00)

Character Study:

· Identify four of George’s stressors; these can be distressful or eustressful events.

· Support these examples of stress with the course text.

· Assess George’s physiological, social, and emotional reactions to these stressors in the movie.

· Provide two examples of George’s physiological reactions.

· Provide two examples of George’s social reactions.

· Provide two examples of George’s emotional reactions to his stressors.

· Use the course text as a minimum to support your response; the movie should be cited when it is being explained.

Throughout the movie, George encounters many stressors, but there are two major stress events that he must decide whether to “fight or flight.” The 
fight-or-flight response is a way the body reacts to stress. When faced with a stressor, the body prepares to fight it or run away from it. After watching the video clips above,

· Explain George’s fight-or-flight reaction in the bank run.

· Explain George’s fight-or-flight reaction from the following:

·

“You Realize What This Means? It’s Bankruptcy and Scandal and Prison!” - A Wonderful Life
Links to an external site.

·

Your* Worth More Dead Than Alive
Links to an external site.

·

“You Look About Like the Kinda Angel I’d Get”Links to an external site.

· Each clip is an example of the same reaction/situation to the stressor.

· Explain why you feel George reacted differently in each situation (also think of his perceptions to each stressor and cultural background)?

· Provide examples from the movie and support your analysis with at least one reference.

· Analyze the relationship between stress and health by identifying three illnesses George may be putting himself at risk for as a result of chronic stress.

· Use the course text and one additional scholarly reference to support your response.

4 double spaced pages

APA style

Two scholarly sources

default image
July 1, 2023
    

Prior to beginning work on this assignment, review Chapters 1, 2, and 3 from the course text, read the article by Keller et al., (2012), 

Does the Perception That Stress Affects Health Matter? The Association With Health and Mortality
, and watch 

Seriously Stressed
. Many of you may be familiar with the classic tale of George Bailey (James Stewart) in It’s a Wonderful Life. George Bailey portrays a young man who encounters many major life events. Although he has ambitions to go to college and travel the world, the death of his father crushes his dreams. He decides to stay in his hometown to manage the family business, Bailey Building and Loan. Over the years, Henry F. Potter, George’s nemesis, tries to take over the family business as it struggles with financial difficulties. As time passes, George Bailey marries and has four children. George’s major stressor presents itself, and the way he perceives and reacts to this stressor, paves the way for the outcome of the movie. While George tries to run away from this stressor, the support of his family and friends help him through it.

To get a brief overview of the movie, watch 

It’s a Wonderful Life Trailer
 (2:11). Be sure to watch Frank Capra’s 1946 version of the film. Then search for the following clips that depict some of George’s stressful moments:

It's A Wonderful Life - Potter's Offer.mov - YouTube

View for the fight or flight response:



It’s a Wonderful Life Bank Run

Links to an external site.
 (4:00)

Character Study:

· Identify four of George’s stressors; these can be distressful or eustressful events.

· Support these examples of stress with the course text.

· Assess George’s physiological, social, and emotional reactions to these stressors in the movie.

· Provide two examples of George’s physiological reactions.

· Provide two examples of George’s social reactions.

· Provide two examples of George’s emotional reactions to his stressors.

· Use the course text as a minimum to support your response; the movie should be cited when it is being explained.

Throughout the movie, George encounters many stressors, but there are two major stress events that he must decide whether to “fight or flight.” The 
fight-or-flight response is a way the body reacts to stress. When faced with a stressor, the body prepares to fight it or run away from it. After watching the video clips above,

· Explain George’s fight-or-flight reaction in the bank run.

· Explain George’s fight-or-flight reaction from the following:

·

“You Realize What This Means? It’s Bankruptcy and Scandal and Prison!” - A Wonderful Life
Links to an external site.

·

Your* Worth More Dead Than Alive
Links to an external site.

·

“You Look About Like the Kinda Angel I’d Get”Links to an external site.

· Each clip is an example of the same reaction/situation to the stressor.

· Explain why you feel George reacted differently in each situation (also think of his perceptions to each stressor and cultural background)?

· Provide examples from the movie and support your analysis with at least one reference.

· Analyze the relationship between stress and health by identifying three illnesses George may be putting himself at risk for as a result of chronic stress.

· Use the course text and one additional scholarly reference to support your response.

4 double spaced pages

APA style

Two scholarly sources

default image
July 1, 2023
    

Prior to beginning work on this assignment, review Chapters 1, 2, and 3 from the course text, read the article by Keller et al., (2012), 

Does the Perception That Stress Affects Health Matter? The Association With Health and Mortality
, and watch 

Seriously Stressed
. Many of you may be familiar with the classic tale of George Bailey (James Stewart) in It’s a Wonderful Life. George Bailey portrays a young man who encounters many major life events. Although he has ambitions to go to college and travel the world, the death of his father crushes his dreams. He decides to stay in his hometown to manage the family business, Bailey Building and Loan. Over the years, Henry F. Potter, George’s nemesis, tries to take over the family business as it struggles with financial difficulties. As time passes, George Bailey marries and has four children. George’s major stressor presents itself, and the way he perceives and reacts to this stressor, paves the way for the outcome of the movie. While George tries to run away from this stressor, the support of his family and friends help him through it.

To get a brief overview of the movie, watch 

It’s a Wonderful Life Trailer
 (2:11). Be sure to watch Frank Capra’s 1946 version of the film. Then search for the following clips that depict some of George’s stressful moments:

It's A Wonderful Life - Potter's Offer.mov - YouTube

View for the fight or flight response:



It’s a Wonderful Life Bank Run

Links to an external site.
 (4:00)

Character Study:

· Identify four of George’s stressors; these can be distressful or eustressful events.

· Support these examples of stress with the course text.

· Assess George’s physiological, social, and emotional reactions to these stressors in the movie.

· Provide two examples of George’s physiological reactions.

· Provide two examples of George’s social reactions.

· Provide two examples of George’s emotional reactions to his stressors.

· Use the course text as a minimum to support your response; the movie should be cited when it is being explained.

Throughout the movie, George encounters many stressors, but there are two major stress events that he must decide whether to “fight or flight.” The 
fight-or-flight response is a way the body reacts to stress. When faced with a stressor, the body prepares to fight it or run away from it. After watching the video clips above,

· Explain George’s fight-or-flight reaction in the bank run.

· Explain George’s fight-or-flight reaction from the following:

·

“You Realize What This Means? It’s Bankruptcy and Scandal and Prison!” - A Wonderful Life
Links to an external site.

·

Your* Worth More Dead Than Alive
Links to an external site.

·

“You Look About Like the Kinda Angel I’d Get”Links to an external site.

· Each clip is an example of the same reaction/situation to the stressor.

· Explain why you feel George reacted differently in each situation (also think of his perceptions to each stressor and cultural background)?

· Provide examples from the movie and support your analysis with at least one reference.

· Analyze the relationship between stress and health by identifying three illnesses George may be putting himself at risk for as a result of chronic stress.

· Use the course text and one additional scholarly reference to support your response.

4 double spaced pages

APA style

Two scholarly sources

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