Define Debit and Credit and their importance in accounting. 

The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the:  

Name the types of business entities and the tax forms each files as discussed in the lecture video.  Business Type Tax Form

Use the trial balance for Peach’s Pastry Shop and prepare a properly formatted Statement of Stockholder’s Equity. Peach’s Pastry Shop, LLC Trial Balance October 30 Cash $67,000 Accounts Receivable 7,200 Bakery Supplies 17,300 Bakery Shop Equipment 155,000 Delivery Van 75,000 Accounts Payable $16,500 Salaries Payable 9,300 Notes Payable  65,000 Common Stock 150,000 Retained Earnings 69,155 Dividends 14,000 Sales Revenue 215,005 Salaries Expense 66,075 Bakery Supplies Expense 47,425 Rent Expense 60,000 Insurance Expense 14,360 Van Maintenance Expense 1,600 Totals $524,960 $524,960

Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported?  

It is obvious that an error occurred in the preparation and/or posting of closing entries if:   

Is the tail of a phospholipid hydrophilic or hydrophobic?      

What is another name for the glycocalyx?

A bag contains 10% salt, and it is place into a large beaker with a solution of pure water (0% salt). Will water move into or out of the bag? Or will the water not move at all?  

What is the danger for proteins when they reach high temperatures, outside of their optimal temperatures?