Consider the following partial adjusted trial balance accounts for ABC, Inc. prepared at the end of 2022:                                                             DR.                                       CR. Cash                                                   $20,000 PP&E                                                  $700,000 Rent expense                                       $40,000 Depreciation expense                         $5,000 Insurance expense                               $3,000 Loss on sale of PP&E                         $6,000             Accumulated depreciation                                          $100,000             Interest payable                                                          $10,000             Unearned revenue                                                       $15,000             Common stock                                                            $1,000             Additional-paid-in-capital                                          $99,000             Retained earnings                                                       $125,000             Revenue                                                                      $90,000             Gain on lawsuit settlement                                         $15,000   How many permanent accounts will need to be closed out at the end of the year?

CPA Bonus Question #2: On October 31, Year 1, a company with a calendar year end paid $90,000 for services that will be performed evenly over a 6-month period from November 1, Year 1, through April 30, Year 2.  The company incorrectly expensed the entire $90,000 on October 31, Year 1.  The company did not record any additional journal entries related to this transaction throughout the rest of Year 1.  What is the adjusting journal entry that that the company should record to properly report the effects of the prepayment in its Year 1 financial statements?

Consider the following partial adjusted trial balance accounts for ABC, Inc. prepared at the end of 2022:                                                             DR.                                       CR. Cash                                                   $20,000 PP&E                                                  $700,000 Rent expense                                       $40,000 Depreciation expense                         $5,000 Insurance expense                               $3,000 Loss on sale of PP&E                         $6,000             Accumulated depreciation                                          $100,000             Interest payable                                                          $10,000             Unearned revenue                                                       $15,000             Common stock                                                            $1,000             Additional-paid-in-capital                                          $99,000             Retained earnings                                                       $125,000             Revenue                                                                      $90,000             Gain on lawsuit settlement                                         $15,000   Based on the above information, how much Net Income would ABC, Inc. record for 2022?

ABC, Inc. purchases a building on 5/1/2022 for $500,000. At the time of the purchase they expect that the building will be used for 40-years and assume a $20,000 salvage value.  They use straight-line depreciation to depreciate the building.  Assume that ABC, Inc. prepares annual financial statements on 12/31 each year. What is the journal entry to record depreciation expense on 12/312022?  

In the electron transport chain, which structure forms a channel in the inner membrane of the mitochondria and adds phosphate to ADP?

In a scientific experiment, the investigator manipulates the ______ variable(s) to determine whether it causes another variable to change.

The DNA sequence 5′ ATGCATGC 3′ will pair with which of the following RNA strands?

Mendel’s monohybrid cross of tall parents, each with the genotype Tt, resulted in a tall to short ratio of

A confounding factor in experimental analysis is one which:

People who have a single X chromosome are biologically female, while those with XXY sex chromosomes are biologically males. In order to be a female, a human