The following transactions occurred during December 31, 2021, for the Falwell Company. A three-year fire insurance policy was purchased on July 1, 2021, for $9,000. The company debited insurance expense for the entire amount. Depreciation on equipment totaled $10,000 for the year. Employee salaries of $12,000 for the month of December will be paid in early January 2022. On November 1, 2021, the company borrowed $100,000 from a bank. The note requires principal and interest at 12% to be paid on April 30, 2022. On December 1, 2021, the company received $3,300 in cash from another company that is renting office space in Falwellâs building. The payment, representing rent for December, January, and February was credited to deferred rent revenue. On December 1, 2021, the company received $3,300 in cash from another company that is renting office space in Falwellâs building. The payment, representing rent for December, January, and February was credited to rent revenue rather than deferred rent revenue for $3,300 on December 1, 2021.

Required:
Prepare the necessary adjusting entries for each of the above situations.

< back to assignment attempts: 1 1 keep the highest: 1 / 2 2. determining opportunity cost juanita is deciding whether to buy a suit that she wants, as well as where to buy it. three stores carry the same suit, but it is more convenient for juanita to get to some stores than others. for example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the suit: store travel time each way price of a suit (minutes) (dollars per suit) local department store 15 102 across town 30 88 neighboring city 60 65 juanita makes $42 an hour at work. she has to take time off work to purchase her suit, so each hour away from work costs her $42 in lost income. assume that returning to work takes juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. as you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. complete the following table by computing the opportunity cost of juanita's time and the total cost of shopping at each location. store opportunity cost of time price of a suit total cost (dollars) (dollars per suit) (dollars) local department store 102 across town 88 neighboring city 65 assume that juanita takes opportunity costs and the price of the suit into consideration when she shops. juanita will minimize the cost of the suit if she buys it from the . grade it now save & continue continue without saving

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Which of the following is least likely to a team solve problems together