Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names! The unadjusted balance of Office Supplies at Dec. 31 is $4,200 and at year end the office supplies on hand totaled $1,700. Date Accounts and Explanation Debit Credit Dec. 31 correct Accounts Payable incorrect 2500 correct correct Office Supplies correct correct 2500 correct A two year insurance policy for $10,560 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Date Accounts and Explanation Debit Credit Dec. 31 correct Accounts Payable incorrect 440 incorrect correct Prepaid Insurance correct correct 440 incorrect Depreciation for the current year includes Equipment, $1,000. Date Accounts and Explanation Debit Credit Dec. 31 correct Cash incorrect 1000 correct correct Accumulated Depreciation- Equipment correct correct 1000 correct

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.