Use the following information in the adjusted trial balance for Johnson Company to answer the following questions. Johnson Company Adjusted Trial Balance For the Year ended December 31, 2014       Cash $  6,530   Accounts Receivable 2,100   Prepaid Expenses    700   Equipment 13,700   Accumulated Depreciation   $  1,100 Accounts Payable   1,900 Notes Payable    4,300 John Johnson, Capital   12,940 John Johnson, Drawing 790   Fees Earned   9,250 Wages Expense 2,500   Rent Expense 1,960   Utilities Expense 775   Depreciation Expense 250   Miscellaneous Expense 185   Totals $29,490 $29,490 Determine the net income (loss) for the period.

The LMN Co. uses the direct write-off method of  accounting for uncollectible accounts receivable.  The entry to write off an account that has been determined to be uncollectible would be as follows:

The inventory method that assigns the most recent costs to cost of merchandise sold is

A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day.  The adjusting entry necessary at the end of the fiscal period ending on Thursday is

Joe Brown invests $10,000 into his new business.  How would the journal entry for this transaction be entered in the journal?

Martha wants to follow the Dietary Guidelines recommendations for saturated fat intake. She currently consumes a diet that supplies 2400 kcal per day. To meet the recommendations of the Dietary Guidelines, she should limit her saturated fat intake to less than 10% of total kcals or ____ grams per day.

After being absorbed and processed by the liver, lipids enter the ________.

Amy loves to cook, but she’s concerned about the effects that certain dietary lipids may have on her health. She wants to prepare foods with fats and oils that are naturally low in trans fats and saturated fatty acids, and high in monounsaturated fatty acids. Based on this information, which of the following foods should she select?

Most trans fatty acids are developed through the process of taking an oil and making it saturated through the process of _______.

A scientist has found an organic compound in food that has 22 carbons bonded together, forming a chain. All of the carbon atoms in the chain are connected to each other by single bonds with no points on unsaturation. Based on this information, the compound is a (an) _____ fatty acid.