The balance in the unearned fees account, before adjustment at the end of the year, is $10,250 . Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $3,125
Unearned Fees ($10,250 – $3,125) 7,125
Fees Earned 7,125
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Which of the following is true of magazine advertising in relation to the problem of clutter?
A. Typically, magazine readers are less tolerant toward clutter. B. Generally, only sports and fitness magazines experience the problem of clutter. C. The problem of clutter is usually solved with split runs. D. It is not as serious an issue for magazines as for radio or TV. E. Magazine publishers do not attempt to control the clutter problem.
As we disclose more about ourselves, our communication becomes more ______.
Fill in the blank(s) with the appropriate word(s).
Roberts Corporation purchased some equipment by issuing a $20,000 non-interest-bearing, four-year note when interest rates were 8%. Actuarial information for 8% and four periods follows: Future amount of 1 1.360 Present value of 1 0.735 In the entry to record this purchase, there would be a
A) $20,000 debit to Equipment. B) $5,300.00 credit to Discount on Notes Payable. C) $27,210.88 credit to Notes Payable. D) $14,700.00 debit to Equipment.
Automobiles manufactured by the Efficiency Company have been averaging 42 miles per gallon of gasoline in highway driving. It is believed that its new automobiles average more than 42 miles per gallon. An independent testing service road-tested 36 of the automobiles. The sample showed an average of 42.8 miles per gallon with a standard deviation of 1.2 miles per gallon. a. With a .05 level of significance using the critical value approach, test to determine whether or not the new automobiles actually do average more than 42 miles per gallon.b. What is the p-value associated with the sample results? What is your conclusion based on the p-value?
What will be an ideal response?