December 31, unadjusted trial balance for demon deacons corp.
accounts debit credit
cash $10,000
accounts receivable 15,000
prepaid rent 7,200
supplies 4,000
deferred revenue $3,000
common stock 11,000
retained earnings 6,000
service revenue 51,200
salaries expense 35,000
totals $71,200 $71,200
a) the balance of prepaid rent, $7,200, represents payment on oct 31, 2018 for rent from nov 1, 2018-april 30, 2019.
b) deferred revenue, $3,000, represents payment in advance from customer. by the end of the year $750 of the services have been provided.
c) an additional $700 in salaries owed to employees at the end of the year but will not be paid until jan 4, 2019.
d) the balance of supplies, $4,000, represents the amount of office supplies on hand at the beginning of the year of $1,700 plus and additional $2,300 purchased throughout 2018. by the end of 2018, only $800 of supplies remains.
1. update account balances by recording adjusting entries.
2. prepare adjusted trial balance.

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

According to this excerpt, a key part of our national security strategy is

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner