Answer:
Explanation:
The adjusting entries are shown below:
1. Insurance expense A/c Dr $1,200
To Prepaid insurance A/c $1,200
(Being prepaid insurance is adjusted)
2. Supplies expense A/c Dr $6,200
To supplies A/c $6,200
(Being supplies adjusted)
The supplies at the end of the year is computed below:
= Supplies account balance + purchase of supplies - available supplies
= $5,000 + $2,000 - $800
= $6,200
<span>The looser interpretation of the law created a multimember executive whereas the strict interpretation created a one-person executive.
This filling in of the blanks creates an appropriate and meaningful sentence. Laws may be open to various interpretations. If "person" was thought to be a singular physical person, that would give rise to a strict interpretation for the purposes of the law and a "one-person executive". Operational definitions are important, and "person" could be interpreted as an "entity" or a "collective" in which case the looser interpretation of a law would be at play to create the "multi-member executive".</span>
Answer:
$3,000
Explanation:
Given that,
On April 1, 2021, total sales of one-year subscriptions = $12,000
Total number of months for which subscription is received = 12 months
Months Relating to year 2022 for which subscription received on 1 April 2021:
= From January 1, 2022 to March 31, 2022
= 3 Months
Deferred revenue is for the three months.
Therefore, the adjusted balance of Deferred Revenue on December 31, 2021 is as follows:
= Amount of subscriptions received × Time period
= $12,000 × (3 ÷ 12)
= $3,000
Answer:
There is a lack of user control over publicity.
Explanation:
Publicity is the degree of awareness of a product, company or service. It is the movent of information from the source to the general public.
One of the weakness of publicity is the lack of control the user or source has over it. Once an information is given to the public they form a perception and spread it in a way that the original source cannot control.
The lack of control a user has over publicity can have adverse effects, for example when negative publicity is circulating in the market a company is operating, it can lead to loss of revenue.
