Ethics and Professional Conduct in Business At the end of the current month, Jonni Rembert prepared a trial balance for Star Rescue Service. The credit side of the trial balance exceeds the debit side by a significant amount. Jonni has decided to add the difference to the balance of the miscellaneous expense account in order to complete the preparation of the current month's financial statements by a 5 o'clock deadline. Jonni will look for the difference next week when she has more time. Discuss whether Jonni is behaving professionally.

Gamestop Corp. said the following about its gift card sales in its most recent (2019) annual report:“We establish a liability upon the issuance of merchandise credits and the sale of gift cards. Revenue is subsequently recognized when the credits and gift cards are redeemed.”When Gamestop sells merchandise to a customer who is using a Gamestop gift card to purchase the merchandise, what is the impact on Gamestop’s financial statements? (Ignore any inventory effects)     Liabilities decrease and cash decreases     Liabilities increase and the Income Statement decreases     Liabilities decrease and the Income Statement increases     Liabilities decrease and cash decreases     No effect because the transaction was already booked when the customer purchased the gift card

When estimated future bad debt expense, which account are debited/credited, respectively? Cash, Accounts Receivable Allowance for Uncollectibles, Accounts Receivable Bad Debt Expense: Allowance for Uncollectibles Accounts Receivable, Allowance for Uncollectibles

You drive a 4 year old truck valued at $15,000.  You have a $70,000 personal automobile policy with $12,000 per-person medical payments coverage and both collision ($500 deductible) and comprehensive coverage.  Your neighbor drives a five-year old SUV valued at $10,000.  Your neighbor has a 25/50/15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible)  Early one morning your neighbor was driving down the street while you were driving the opposite way to drop your friend off at her house and your neighbor swerved into your lane and struck your vehicle.  Below you will find the damage caused by the accident:Your Bodily Injury: $7,000Your Friend’s Bodily Injury: $25,000Your Car: $8,500Neighbor’s Bodily Injury: $3,000Neighbors Car: $9,000Using the information above, find the following:a) How much will your policy pay for your bodily injury? blank1 - Numeric Answer Please type your answer to submit b) How much will your policy pay for your…