Answer:
<u>Adjusting entries:</u>
April 30, legal fees
Dr Legal fees expense 3,500
Cr Legal fees payable 3,500
April 30, accrued interest
Dr Interest expense 3,000
Cr Interest payable 3,000
April 30, wages expense
Dr Wages expense 4,000
Cr Wages payable 4,000
<u>Subsequent entries:</u>
May 12, legal fees
Dr Legal fees payable 3,500
Cr Cash 3,500
May 20, paid interest
Dr Interest expense 6,000
Dr Interest payable 3,000
Cr Cash 9,000
May 3, wages expense
Dr Wages expense 4,000
Dr Wages payable 6,000
Cr Cash 10,000
The correct option is A) Contrast effect.
<h3>What is perceptual error?</h3>
Perceptual error is the inability to judge humans, things or situations fairly and accurately.
Contrast effect is an unconscious bias that happens when two things are judged in comparison to one another, rather than assessed it individually.
Perception of the people is altered once we start to compare things to one another.
James is a wells Fargo employee. his manager saw him parking illegally in a loading zone once so he assumes James must have engaged in a fraudulent account activity, which of the following perceptual errors did his manager make?
A) Contrast effect
B) Recency effect
C) Halo effect
D) Central tendency
E) Leniency
Learn more about the perceptual error here:-
brainly.com/question/14605227
#SPJ1
Answer:
Contingency viewpoint or approach of management
Explanation:
According to the contingency viewpoint, there is no particular standard of management. Rather, the type of management style adopted including decisions made depends on the type of situation that the organization is facing at the particular time. Nikita in this scenario is using the contingency approach since she is making decisions based on the upcoming convention.
Your answer would be B. diversity
Answer:
The land should be recorded in Clairemont Repair Service’s records at $380,000
Explanation:
According to the historical cost principle, the recording of the fixed assets should be recorded at the purchase price or cost price which is to be shown in the assets side under the balance sheet.
So, according to the question, on February 28, the repair service accepted the seller's counteroffer which means that the land was purchased on February 28 for $380,0000. So, by $380,000 amount, the land would be recorded.
Other costs which are mentioned in the question is ignored.
