The trial balance of Lexington Inn Company at December 31, 2012, and the data needed for the month-end adjustments follow. Adjustment data at December 31 follow:a. Prepaid insurance still in force, $700.b. Supplies used during the month, $500.c. Depreciation for the month, $1,600.d. Accrued salary expense, $400.e. Unearned service revenue still unearned, $1,400.Requirements1. Journalize the adjusting entries.2. The unadjusted balances have been entered for you in the general ledger accounts. Post the adjusting entries to the ledger accounts.3. Prepare the adjusted trial balance.4. Prepare the income statement, statement of owner’s equity, and balance sheet for the business for the month ended December 31,2012.

Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a. change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c. stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability