On december 15, jay cleaning co. agreed to provide kay co. with bimonthly cleaning services for its offices. the services will be billed to kay co. on the fifteenth of each month at a rate of $400. as of december 31, jay cleaning has provided its first cleaning of kay's offices. the adjusting entry for jay's cleaning should include a

a. credit to accounting receivable for $400.
b. debit to accounts receivable for $200.
c. debit to accounts receivable for $400.
d. credit to accounts receivable for $200.

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Health insurance protects you if you experience any of the following except: a: if you have to be hospitalized b: if you damage someone's property c: if you need to visit a clinic d: if you can't work because of illness