The following transactions are February 2013 activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northeastern United States. Swing Hard paid $4, 750 to its golf instructors for the month of February. Swing Hard paid $1, 750 for electricity used in the month of January. Swing Hard received an electricity bill for $800 for the month of February, to be paid in March. Prepare the journal entry for the above transaction (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?