Nina is a 10-month-old infant who enjoys observing her older…

Nina is a 10-month-old infant who enjoys observing her older sister, Mara, play with makeup at the mirror. One day, Mara puts a dot of red makeup on Nina’s forehead. Nina does not seem to notice that anything is on her face; she does not react nor look in the mirror longer than normal. What might this suggest?

Segment Brands leased a portion of its store to another comp…

Segment Brands leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $800. Segment Brands collected the entire $6,400 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Segment Brands on December 31 would be:

On September 1, Johnson Company loaned $100,000, at 12% annu…

On September 1, Johnson Company loaned $100,000, at 12% annual interest, to a customer. Interest and principal will be collected when the loan matures one year from the issue date. Assuming adjustments are only made at year-end, what is the adjusting entry for accruing interest that Johnson would need to make on December 31, the calendar year-end?