Accounts Payable $66,500 Accumulated Depreciation- Fishing Boats 1,000 Bob Night, Capital 90,000 Bob Night, Drawing 6,000 Cash 130,650 Depreciation Expense-Fishing Boats 1,000 Fishing Boats 60,000 Food Supplies 8,000 Food Supplies Expense 30,700 Insurance Expense 1,500 Office Supplies 100 Office Supplies Expense 400 Postage Expense 150 Prepaid Insurance 7,500 Registration Fees 171,700 Rent Expense 40,000 Phone Expense 1,200 Utilities Expense 2,000 Wages Expense 40,500 Wages Payable 500Adjustment information for the end of April is provided below. (a)Office supplies remaining on hand, $100.
(b)Food supplies remaining on hand, $8,000.
(c)Insurance expired during the month of April, $1,500.
(d)Depreciation on the fishing boats for the month of April, $1,000.
(e)Wages earned, but not yet paid, at the end of April, $500.
Required:
Journalize the adjusting entries (page 5). Do not enter the posting references until you complete part 6.

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

1. c

2. b

3. a

4. c

5. a

6. b

7. c

8. c

9.b

10. d

just took it 100%

i think the answer is a. science center.

answer; niosh, the national institute for occupational safety and health;