The Draper Company Records these journal entries:

Depreciation $40
Accrued Expense $12
Earned portion of Unearned Revenue $17
What is the net effect of these journal entries on the following items? Indicate the dollar amount of the effect and the direction of the effect:

a. Net Income
b. Total assets
c. Total liabilities
d. retained earnings
e. total equity
f. working capital

the answer is a. $209,000

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

the amount of money you earn by working is your income.

the percentage of people actively looking for a job is called unemployment.