Diagram from Kloos, et al. (2012)
For this task you will write a paper listing at least five important social problems or issues facing your community or society. Then choose one of the problems or issues listed and answer these questions:
- Using information garnered from the assigned readings for this week, which community psychology values are relevant to this issue, and why?
- How does this issue involve factors at individual, microsystem, organizational, locality or macrosystem levels as identified by Bronfenbrenner and discussed in your readings?
Length: 1-2 pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to the topic. Your response should reflect scholarly writing and current APA standards. Be careful to adhere to Northcentral’s Academic Integrity Policy.
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Instructions Diagram from Kloos, et al. (2012) For this task you will write a paper listing at least five important social problems or issues facing your community or society. Then choose one of the
ACCT&201 Week 3 Homework 1. Using the notion that the accounting equation (Assets = Liabilities + Stockholders’ Equity) must remain in balance, indicate whether each of the following transactions is possible. Transactions Yes/No a. Cash increases; Accounts Payable decreases. No b. Service Revenue increases; Salaries Payable increases. No c. Advertising Expense increases; Cash decreases. Yes 2. Hokies uses the following accounts: Accounts Payable Equipment Accounts Receivable Cash Supplies Utilities Expense Prepaid Rent Rent Expense Service Revenue Common Stock Notes Payable Retained Earnings Salaries Payable Salaries Expense Dividends Required: Indicate which accounts should be debited and which should be credited for the following transactions of Hokies company. Transactions Account Debited Account Credited Example: Purchase equipment in exchange for cash. Equipment Cash 1. Pay a cash dividend. 2. Pay rent in advance for the next three months. 3. Provide services to customers on account. 4. Purchase office supplies on account. 5. Pay salaries for the current month. 6. Issue common stock in exchange for cash. 7. Collect cash from customers for services provided in (3) above. 8. Borrow cash from the bank and sign a note. 9. Pay for the current month’s utilities. 10. Pay for office supplies purchased in (4) above. 3. Below is a list of typical accounts. Required:For each account, indicate (1) the type of account and (2) whether the normal account balance is a debit or credit. Accounts Type of Account Normal Balance (Debit or Credit) 1. Salaries Payable 2. Common Stock 3. Prepaid Rent 4. Buildings 5. Utilities Expense 6. Equipment 7. Rent Expense 8. Notes Payable 9. Salaries Expense 10. Insurance Expense 11. Cash 12. Service Revenue 4. Below is a list of activities for Jayhawk Corporation. Required:Select from the activities of Jayhawk Corporation whether the transaction increases, decreases, or has no effect on assets, liabilities, and stockholders’ equity. The first item is provided as an example. Transaction Assets = Liabilities + Stockholders’ Equity 1. Issue common stock in exchange for cash. Increase No effect Increase 2. Purchase business supplies on account. 3. Pay for legal services for the current month. 4. Provide services to customers on account. 5. Pay employee salaries for the current month. 6. Provide services to customers for cash. 7. Pay for advertising for the current month. 8. Repay loan from the bank. 9. Pay dividends to stockholders. 10. Receive cash from customers in (4) above. 11. Pay for supplies purchased in (2) above. 5. Below is a list of activities for Purple Cow Incorporated. Required:For each activity, indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting equation remains in balance. The first item is provided as an example. (Decreases to account classifications should be entered as a negative.) Transaction Assets = Liabilities + Stockholders’ Equity 1. Provide services to customers on account, $1,600. $1,600 $0 $1,600 2. Pay $400 for current month’s rent. 3. Hire a new employee, who will be paid $500 at the end of each month. 4. Pay $100 for advertising aired in the current period. 5. Purchase office supplies for $400 cash. 6. Receive cash of $1,000 from customers in (1) above. 7. Obtain a loan from the bank for $7,000. 8. Receive a bill of $200 for utility costs in the current period. 9. Issue common stock for $10,000 cash. 10. Pay $500 to employee in (3) above. Totals 6. Jake owns a lawn maintenance company, and Luke owns a machine repair shop. For the month of July, the following transactions occurred. July 3 Jake provides lawn services to Luke’s repair shop on account, $500.July 6 One of Jake’s mowers malfunctions. Luke provides repair services to Jake on account, $450.July 9 Luke pays $500 to Jake for lawn services provided on July 3.July 14 Luke borrows $600 from Jake by signing a note.July 18 Jake purchases advertising in a local newspaper for the remainder of July and pays cash, $110.July 20 Jake pays $450 to Luke for services provided on July 6.July 27 Luke performs repair services for other customers for cash, $800.July 30 Luke pays employee salaries for the month, $300.July 31 Luke pays $600 to Jake for money borrowed on July 14.Required:Record the transactions for Jake’s Lawn Maintenance Company. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.) 7. Please look at question 6 and answer this question. Required:1. Record each transaction for Luke’s Repair Shop. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.) 8. 2. Using the format shown below, enter the impact of each transaction on the accounting equation for each company. (Decreases to account classification should be entered as a negative.) JAKE’S LAWN MAINTENANCE COMPANY LUKE’S REPAIR SHOP Assets = Liabilities + Stockholders’ Equity Assets = Liabilities + Stockholders’ Equity July 03 500 $0 $500 $0 $500 $(500) 06 09 14 18 20 27 30 31 9. Consider the recorded transactions below. Debit Credit 1. Accounts Receivable 8,400 Service Revenue 8,400 2. Supplies 2,300 Accounts Payable 2,300 3. Cash 10,200 Accounts Receivable 10,200 4. Advertising Expense 1,000 Cash 1,000 5. Accounts Payable 3,700 Cash 3,700 6. Cash 1,100 Deferred Revenue 1,100 Required: Post each transaction to T-accounts and calculate the ending balance for each account. The beginning balance of each account before the transactions is: Cash, $3,400; Accounts Receivable, $4,200; Supplies, $400; Accounts Payable, $3,500; Deferred Revenue, $300. Service Revenue and Advertising Expense each have a beginning balance of zero. Cash Accounts Receivable Beg. bal. Beg. bal. End. bal. End. bal. Supplies Accounts Payable Beg. bal. Beg. bal. End. bal. End. bal. Deferred Revenue Service Revenue Beg. bal. Beg. bal. End. bal. End. bal. Advertising Expense Beg. bal. End. bal. 10. Below are the account balances of Bruins Company at the end of November. Accounts Balances Accounts Balances Cash 40,000 Common Stock 50,000 Accounts Receivable 50,000 Retained Earnings 35,000 Supplies 1,100 Dividends 1,100 Prepaid Rent 3,000 Service Revenue 65,000 Equipment ? Salaries Expense 30,000 Accounts Payable 17,000 Rent Expense 12,000 Salaries Payable 5,000 Interest Expense 3,000 Interest Payable 3,000 Supplies Expense 7,000 Deferred Revenue 9,000 Utilities Expense 6,000 Notes Payable 30,000 Required:Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the Equipment account. BRUINS COMPANY Trial Balance November 30 Accounts Debit Credit Totals $0 $0