You are trying to decide whether to pay a house painter $400 or do the work yourself. it would be rational to hire a house painter if

a. you worked some extra hours last month and your paycheck was $400 larger than usual.
b. the last time you painted your house, you saved the money and did it yourself.
c. the painters can do it more quickly than you can.
d. the opportunity cost of doing it yourself is more than $400.

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.

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.