itsnafeesahmad1997

itsnafeesahmad1997

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Please help asap read the Social Media summary and then answer the questions:

It seemed that Essena O'Neill had the perfect life. In 2015, the eighteen-year-old Australian model and vegan advocate had over a half million followers on the social media platform Instagram. O'Neill found that she was able to make an income by marketing products to her social media followers, sometimes earning as much as $2,000 for a single post. O'Neill was young and beautiful, and many of her Instagram posts featured images of her smiling

In October 2015, O'Neill publicly disavowed her Instagram persona. She explained that she had spent her teenage years addicted to social media and seeking social approval: "I spent hours watching perfect girls online, wishing I was them. Then I was 'one of them.' I still wasn't happy, content or at peace with myself." O'Neill revealed the lengths to which she would go in order to get the right pose for her next Instagram photo, sometimes sucking in her stomach to appear extremely thin. She would obsessively check the number of "likes" she got on her photos. O'Neill described the insecurity behind her Instagram persona, saying that "I just want young girls to know this isn't candid life, or cool or inspirational. It's contrived perfection made to get attention." There is a growing body of research looking at whether social media is making us unhappy. A recent study found that the more you use Facebook over time, "the more likely you are to expe-nience negative physical health, negative mental health and negative life satisfaction." A 2017 study of eighteen- to twenty-two-year-olds found an association between time spent on social media and "anxiety symptoms and the greater likelihood of an anxiety disorder." Some people believe that quitting social media might also improve your mood

Questions

Does social media give us a distorted view of what constitutes a good life, or what it looks like for someone's life to go well?

Would a hedonist think there is anything wrong with extensively using social media? Why or why not?

3. According to the desire satisfaction theory, is there anything wrong with extensively using social media? Why or why not?

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For the past several years, Emily Page has operated a part-time consulting business from her home. As of June 1, 2010, Emily decided to move to rented quarters and tooperate the business, which was to be known as Bottom Line Consulting, on a full-timebasis. Bottom Line Consulting entered into the following transactions during June:
June 1. The following assets were received from Emily Page: cash, $20,000; accounts receivable, $4,500; supplies, $2,000; and office equipment, $11,500. There were no liabilities received.
1. Paid three months’ rent on a lease rental contract, $6,000.
2. Paid the premiums on property and casualty insurance policies, $2,400.
4. Received cash from clients as an advance payment for services to be provided and recorded it as 
unearned fees, $2,700.
5. Purchased additional office equipment on account from Office Depot Co., $3,500.
6. Received cash from clients on account, $3,000.
10. Paid cash for a newspaper advertisement, $200.
12. Paid Office Depot Co. for part of the debt incurred on June 5, $750.
12. Recorded services provided on account for the period June 1–12, $5,100.
14. Paid part-time receptionist for two weeks’ salary, $1,100.
17. Recorded cash from cash clients for fees earned during the period June 1–16, $6,500.
18. Paid cash for supplies, $750.
20. Recorded services provided on account for the period June 13–20, $3,100.
24. Recorded cash from cash clients for fees earned for the period June 17–24, $5,150.
26. Received cash from clients on account, $6,900.
27. Paid part-time receptionist for two weeks’ salary, $1,100.
29. Paid telephone bill for June, $150.
30. Paid electricity bill for June, $400.
30. Recorded cash from cash clients for fees earned for the period June 25–30, $2,500.
30. Recorded services provided on account for the remainder of June, $1,000.
30. Emily withdrew $5,000 for personal use.



Instructions
1. Journalize each transaction in a two-column journal, referring to the following chartof accounts in selecting the accounts to be debited and credited. (Do not insert theaccount numbers in the journal at this time.)
11 Cash    31 Emily Page, Capital
12 Accounts Receivable   32 Emily Page, Drawing
14 Supplies     41 Fees Earned
15 Prepaid Rent    51 Salary Expense
16 Prepaid Insurance    52 Rent Expense
18 Office Equipment    53 Supplies Expense
19 Accumulated Depreciation   54 Depreciation Expense
21 Accounts Payable    55 Insurance Expense
22 Salaries Payable    59 Miscellaneous Expense
23 Unearned Fees

2. Post the journal to a ledger of four-column accounts.
3. Prepare an unadjusted trial balance.
4. At the end of June, the following adjustment data were assembled. Analyze and use these data to 
complete parts (5) and (6).
a. Insurance expired during June is $200.
b. Supplies on hand on June 30 are $650.
c. Depreciation of office equipment for June is $250.
d. Accrued receptionist salary on June 30 is $220.
e. Rent expired during June is $2,000.
f. Unearned fees on June 30 are $1,875.
5. Journalize and post the adjusting entries.
6. Prepare an adjusted trial balance.
7. Prepare an income statement, a statement of owner’s equity, and a balance sheet.
8. Prepare and post the closing entries. (Income Summary is account #33 in the chart of accounts.) 
Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry.
9. Prepare a post-closing trial balance.

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