Adjusting entries affect at least one balance sheet account and at least one income statement account. For the entries below, identify the account to be debited and the account to be credited. Indicate which of the accounts is the income statement account and which is the balance sheet account. Assume the company recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. Entry to record janitorial expense incurred but not yet paid.
Entry to record rent expense incurred but not yet paid.
Entry to record interest expense incurred but not yet paid.
Entry to record expiration of prepaid rent.
Entry to record supplies used as supplies expense.
Accounts Account Title Financial Statement
A. Account to be debited Accounts receivable Balance sheet
Account to be credited Consulting services revenue Income statement
B. Account to be debited Interest receivable Balance sheet
Interest revenue earned Income statement
C. Account to be dedited Accounts receivable Balance sheet
Account to be crebited Services revenue earned Income statement
D. Account to be debited Janitorial expense
Account to be credited Accrued expenses payable Balance sheet
Income statement.
E. Account to be debited Rent expense Balance sheet
Account to be credited Accrued expenses payable Income statement.

answer; ///i believe the best answer is (d) replace negative self talk with positive self-talk;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer(b) equal; set period;