October 1, Keisha King organized Real Answers, a new consulting firm; on October 3, the owner contributed $76,470 cash. On October 31, the company’s records show the following items and amounts. Cash $ 2,000 Cash dividends $ 3,360Accounts receivable 17,000 Consulting fees earned 19,000Office supplies 4,250 Rent expense 3,420Land 36,000 Salaries expense 7,600Office equipment 28,000 Telephone expense 660Accounts payable 7,500 Miscellaneous expenses 680Common stock 76,470 Prepare a balance sheet. Retained earnings are 5060.

The link between volume of production and the cost of building manufacturing operations is particularly important in industries characterized byanswers: process innovations.product manufacturing.product innovation.process manufacturing.

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?