Question : 53.The Warner Company issued common stock for $500,000 cash. Which : 1254377

Accounting

53.The Warner Company issued common stock for $500,000 cash. Which of the following shows the proper entry using T-accounts?

54.Fenwick Company recorded $500 of accrued salaries expense. Which of the following shows the proper entry using T-accounts?

55.Bates Corporation recorded the adjusting entry to recognize $4,000 of revenue previously recorded as unearned. Which of the following shows the proper entry using T-accounts?

56.The information in the following T-accounts indicates that

A. the company repaid a $850 debt.

B. the company loaned $850 to another company.

C. the company borrowed $850.

D. stockholders invested $850 cash in the corporation.

57.Haskins Company recorded a business event in these T-accounts: Which of the following choices accurately reflects how this event would affect the company’s financial statements?

A. Option A

B. Option B

C. Option C

D. Option D

58.On August 1, 2013, Jonas and Associates collected $18,000 in advance for legal services to be rendered for one year. Which of the following entries reflect the end of the year adjustment to reflect revenue earned?

59.The employees of Acorn Company have worked the last two weeks of 2013, but the employees’ wages have not been paid or recorded as of December 31, 2013. The adjusting entry that Acorn should make for these unpaid wages on December 31, 2013 is:

A. debit to Wages Expense and credit to Wages Payable.

B. debit to Wages Expense and credit to Cash.

C. debit to Wages Payable and credit to Wages Expense.

D. no entry is required until the employee is paid next period.

60.On October 1, 2013, Siegel Company recorded a journal entry debiting prepaid rent and crediting cash for $1,200 in payment for one year of office rent. At December 31, 2013, the financial statements should report:

A. Option A

B. Option B

C. Option C

D. Option D

61.During a company’s first year, the asset account, Office Supplies, was debited for $2,300 for the purchases of supplies. At year end, office supplies on hand were counted and determined to be $825. The proper adjusting entry crediting supplies will

A. increase liabilities and decrease assets by $1,475.

B. decrease assets and increase expenses by $825.

C. increase expenses and decrease assets by $1,475.

D. have no effect on net income or the accounting equation.

62.Adjusting entries are made at the end of the period because of the need to

A. adjust the balance in the cash account for the effects of all daily transactions with customers and creditors.

B. assure that all revenues and expenses are recognized in the period in which they are earned or incurred.

C. assure that debits are equal to credits prior to preparing the trial balance.

D. prepare revenue and expense accounts for recording transactions in the next accounting period by bringing the balances to zero.

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July 1, 2023

Zoo project

INTRODUCTION: This assignment is designed to help you learn more about and

observe in real time some of the primates we have studied in our course, in this

case the chimpanzee. Besides your zoo visit, your final written report should

reflect thoughtful consideration of the assigned readings. The report will be based

on a description of the events in the chimp enclosure over period of 45 minutes

(minimum). Judge your time wisely and make sure to follow all the directions

presented below here. A total of 15 points may be earned IF you follow all

directions and present a well-prepared report (with ticket attached) by the

A. GRADING: Points will be awarded according to how your report covers the

following issues:

1. Describe enclosure and compare it to chimp natural habitat 3 points

2. Identify individual chimps as Adult Male-1; Adult Female-1; Juvenile Male-

1; Juvenile Female-1, etc. [If this is difficult, try another way to identify the

subject of your comments.] Describe at least one interaction/behavior, anything

from fast moving to just “lounging together” while grooming, etc. 5 points

3. Integrate key ideas from assigned readings* and clearly relate them to these

L.A. Zoo chimps. 5 points

4. Organize, proof read, and include a “mug shot” with admission ticket

2 points

TOTAL POINTS…15

* Required readings:

a. Review Ch. 7 (pp.167-68) and Ch. 8 (pp.180-89) for info on the primates,

in this case the chimpanzee

b. Read “The 2% Difference,” in ANNUAL EDITIONS: Physical

Anthropology 08/09 edition. See also in Discover Magazine, April 2006;

available on-line at http://discovermagazine.com/2006/apr/chimp-

genome.

ANNUAL EDITIONS (08/09)reference to the attendant. Make sure to read these selections before you go to the

Zoo.

B. KEEP IN MIND: When you walk up to any animal enclosure, the behavior

may appear to be erratic or random; maybe “nothing” is happening. However,

much of the behavior is patterned in response to a stimulus not necessarily evident

to us. Be patient. The best you can do is to carefully & accurately describe their

physical activity & note its context at the time. There is no magic bullet! Do your

best.

The Enclosure. If you include photos, do provide SHORT CAPTIONS. If you are

artistic, make a sketch of the enclosure and include it with your report. While there

is no ironclad page count for this project, please do not use pictures & drawings as

fillers! Your thoughts are paramount.

C. DRAFTING YOUR REPORT: After you have completed your observations,

go aside and carefully read over your notes. Are there any notable behavior

patterns, anything that indicates relationships, friendships, or pecking order? You

should draw on the physical characteristics of the chimpanzee provided in Ch. 8.

Integrate key information from the other required readings. Omit it and you will

lose points. Don't fret; a good faith effort is what counts here.

D. ORGANIZING YOUR REPORT: A good report will be well organized

around the “Grading” topics. About four to five pages (double spaced) is

acceptable. This does NOT include your cover page, any photos, charts or maps.

Use one-inch margins and avoid “padding” with empty spaces between sections or

paragraphs. Most of all, sincere work and a true learning experience is what we

are after here. Your instructor’s “eagle eye” can spot the proverbial fluff and “b.s.”

Do a good job and shine!