All the accounts have normal balances. The information below has been gathered at December 31, 2019.

(1) Pina Colada Corp. borrowed $10,100 by signing a 12%, one-year note on September 1, 2019.
(2) A count of supplies on December 31, 2019, indicates that supplies of $960 are on hand.
(3) Depreciation on the equipment for 2019 is $1,700.
(4) Pina Colada Corp. paid $3,660 for 12 months of insurance coverage on June 1, 2019.
(5) On December 1, 2019, Pina Colada Corp. collected $34,800 for consulting services to be performed from December 1, 2019, through March 31, 2020. .
(6) Pina Colada performed consulting services for a client in December 2019. The client will be billed $4,200.
(7) Pina Colada Company pays its employees total salaries of $9,000 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2019.

Prepare adjusting entries for the seven items described above.

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

How does the economy of cuba differ from the economy of north korea? in north korea, the government’s control of the economy has begun to loosen. in cuba, the government maintains a tight hold over the economy. in cuba, the government’s control of the economy has begun to loosen. in north korea, the government maintains a tight hold over the economy. in north korea, there is economic uncertainty in exchange for individual choice. in cuba, there is economic security in exchange for government control. in cuba, there is economic uncertainty in exchange for individual choice. in north korea, there is economic security in exchange for government control.\

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations