Jenning Co adjusts its books each month but closes its books at the end of the year. The trial balance at July 31 before adjustments is as follows: Debit Credit Cash $12,920 Accounts Receivable 9,620 Supplies 1,400 Prepaid Insurance 3,120 Equipment 26,000 Accumulated Depreciation—Equipment $10,400 Unearned Service Revenue 6,500 Capital Stock 7,190 Retained Earnings 23,500 Dividends 1,560
Service Revenue 16,510 Wages and Salaries Expense 7,800 Utilities Expense 380 Rent Expense 1,300 $64,100 $64,100 Refer to the trial balance for Jenning Co According to contracts, $4,810 of Unearned Service Revenue has been earned in July. Which of the following is the correct amount of Service Revenue to be reported in the July income statement?
a. $20,410
b. $11,700
c. $21,320
d. $16,510
c
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A paintball "cat shoot" (at a painting of a cat) designed to raise funds for the local humane society while attracting attention and customers, is an example of:
A) guerilla marketing B) lifestyle marketing C) brand recognition development D) poor marketing judgment due to alienating customers
In an organization, codes and rules prove to be meaningless if ethical behavior is not enforced.
Answer the following statement true (T) or false (F)
The three levels of brand loyalty from strongest to weakest are
A. preference, insistence, recognition. B. insistence, recognition, preference. C. insistence, preference, recognition. D. recognition, preference, insistence. E. insistence, preference, indifference.
Purchasing products or materials in other nations and bringing them into one's own country is
A. trading. B. balancing. C. exporting. D. importing. E. dumping.