Explanation:
My test anxiety generally comes from a desire to do well. It usually accompanies the situation where I am not as prepared for the test as I would like to be, or where I have no idea what subject matter the test may cover.
__
My anxiety management strategy is to prepare for a test as well as I can in the time allotted, and detach from the outcome. In the case of specific subject matter tests (as opposed to "achievement" tests), a well-made test will be educational, so later questions help answer earlier ones. Paying attention to that possibility also manages test anxiety by letting me go back and correctly answer questions I might have missed.
__
One of the most effective techniques for managing test anxiety (beyond a decent level of preparation), is the use of Emotional Freedom Techniques (EFT), also known as "tapping." A few rounds of tapping on specific points on bodily energy meridians can greatly relieve stress and improve test performance. The process takes only minutes to learn and execute, and can be very effective. (Look up articles or videos on EFT Tapping.)
The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $4,700; Accounts Receivable, $8,700; Supplies, $18,700; Equipment, $117,000; Accumulated Depreciation, $43,500; Accounts Payable, $25,700; Salaries Payable, $15,700; Common Stock, $57,000; and Retained Earnings,. Prepare the December 31, 2021, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.)
Answer:
Blue Devils Corporation balance sheet as at December 31, 2021
Non - Current Assets
Equipment, $117,000
Less Accumulated Depreciation ($43,500)
Total Non - Current Assets $73,500
Current Assets
Cash, $4,700
Accounts Receivable, $8,700
Supplies, $18,700
Total Current Assets $32,100
Total Assets $105,600
Current Liabilities
Accounts Payable, $25,700
Salaries Payable, $15,700
Total Current Liabilities $41,400
Equity
Common Stock, $57,000
Retained Earnings (Balancing Figure) $7,200
Total Equity $64,200
Total Equity and Liabilities $105,600
Explanation:
The Balance of retained earnings is determined by missing figure approach using the Accounting Equation : Assets = Liabilities + Equity.