As of january 1, year 2, room designs inc. had a balance of $9,900 in cash, $3,500 in common stock, and $6,400 in retained earnings. these were the only accounts with balances in the ledger on january 1, year 2. further analysis of the company’s cash account indicated that during the year 2 accounting period, the company had (1) net cash inflow from operating activities of $9,800, (2) net cash outflow for investing activities of $16,500 and (3) net cahs flow from financing activities of $11,000. all revenue and expenses events were cash events. the following account and balances represent the general ledger of room design inc as december 31, 2013 before closing. assets = liabilities + stockholder's equitycash 14,200 notes payable 9000 common stock 7500 revenue 18,100land 16,500 ret. earning 6400 expenses 8,300 dividents 2000what did the company purchase that resulted in the cash outflow from investing activities?

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Match the steps for conducting an informational interview with the tasks in each step.

Explain how can you avoid conflict by adjusting