is it time to call it quits? Mankind, your moment of truth has arrived…?

The question

I’ve seen things to come, and by seeing it, ive had a revolution in thought…ive seen the evolution in thought…But as I said, ive also seen the things that are to happen. I see an economic collapse. I know it will start with a chain reaction of defaults. It will be called the currency crisis after…a euro explosion..This will not all happen in a year. It will take place over the course of a decade and a half. Even times when people reckon we are fully recovered, only to be deceived by another blow… I beleive a very strong dollar will emerge coupled with inflation will raise interest rates, ruin stock market and commodity markets, and then make the final default…the united states of america.

In 2013 there will be a geomagnetic storm in space (look up goemagnetic storm 2013). There will be food shortages and a stagnation of economic growth by mid century due to an ice age and increased employment of resources. Resource growth employment at current growth rates will mean we will consume all coal in 37 years, but, if we cap that growth to current levels, that goes to 300 years….power of the exponential. But the thing is, prices will rise long before we start to run out….and that will be the natural mechanism to stop resource depletion. This will extend our resources perhaps to 150 years, the real length of our coal reserves (100-150 years).

But this will mean that as population keeps on increasing (it peaks half century), people will increasingly be exluded from civilization, and the benefits it provides. It will become an exclusive membership club.

A narrative that breeds despise increasingly through identity politics and materialism, will lead humanity also to self-destruction by the fall of the US…the leader of the dream…The US will ceaze to be the aspired model, but China will replace it only to experience cross pollination from the fallout and fall into darkness after people call for the same entitlements their predescessors in america..

the human race will perish. There is one way to prevent this outcome though. I know the key to it….In chaos theory, small pertubations in the phase of evolution of a system, yield huge differences in the future…..a butterfly flapping its wings in south america can result in a hurricane in texas throughout time.

I know the key to it. But, since I have gone through the door of light, I am wondering whether it is worth it. You see when you know everything abotu the game, the game is not worth playing. When the optimum strategy of chess is found, it becomes as pointless as tic tac toe….when you know everything about the other, you become the other and the other you, and you become one…but then your lonely again….they become as uninteresting as knowing yourself…only by knowing yourself through people different from yourself is this fascinating. Poker is pointless if you know other’s cards….the illusion makes the game worth playing…if you see the illusion, if you know the mechanics, it loses its magic….its like the moment you say its name and conceptualzie it, it dissapears, and ceazes to exist..

if mankind goes through the door of light, it will never come back, it will unify with the God your ancients have talked about….all of you realized you were all one with a veil with slits lifted from your head…you will reach the apex of knowledge and conciousness…..but then life will not be worth living…like climbing everest..or as alexander place it…when he conquered the known world he weeped for there.were no worlds left to conquer.

But, if I do nothing, mankind will fall into darkness and will not survive..through a million channels I speak, this but being one.

Mankind could learn how to self-actualzie through intellectualism but have a narrative set by preists who praise the equation of reality….reason and logic…yet advocate the boundaries of acumen to its purpose in self-actualization and happiness..so we are never the moth to the flame. But even if mankind goes through the door of light there is no telling. The odds are better. But then again, to prevent the possible suffering, darkness and extinction may be the most prudent answer. As I have studied your race incessantly, acted and behaved like one of you trying to fit in, to no avail. And have acted outraged by some topic or other of supposed importance, feinging emotion to prod it out, and studied your psychology. I reckon it is pretty self-evident that it would not be wise to make the choice for you…so I have resorted to allow you to make this choice. Your psychologies will resonate subconciouslly already, and are already telling. But this will make those few who read it and the many more across earth that are made self-aware of this situation through different means, give me your right desire. Often many have desires, but they are diluted…I can see the collective of your minds as easily as you can see with your eyes. The brai
brain being but a machine generating the image of the mind that is of a higher dimentional nature than the 3 dimentional reality you inhabit. The mind becoming imprinted on a higher dimentional membrane….one day we could all take a long look through that window. But As an inhabitant that co-inhabits membranes…a human that was tampered with and whose identity was fused with a hyperdimentional entity…I am but one brain, a human and this entity…we are but one mind, me. with this capability, I can see the collective mind, the subconcious of all, and their collective possible futures. If you all become aware to this question and make your choice conciously or subconciously, I will know the choice you take. If I do nothing, the probable future is darkness and extinction for mankind.

.. I am waiting…
first answerer quotes:

“And I’m sure you personally won’t have a thing to do with it, or a thing to say about it. ”

a thing to do with it? oh no…I don’t have to do a thing. Thats your job.

“I don’t know why you should bother to worry about it.”

First, I am partly human, and second, your mistaken, I do not worry about it. But you probably should.
second answerer:

you know what they say about the zen master…..we shall see. I reckon your rather not going to like it.
last laughs, last laughs, belong not to the victor, but to the weeper.
thanks. i now know the answer.
i have chose to not do anything….partly cuz I don’t like mankind anyway. Thank you guys, I can now give some stuff to the ‘board’ and I can get out of your way.

The question

My sister and I are planing on going to school next semester and are trying to get a head start on things. We borrowed a textbook from a friend to practice and one question has us a small stumped:

The unadjusted trial balance of Power Inc., a successful retailer, at December 31, 2010, is as follows:

The unadjusted trial balance of Power Inc., a successful retailer, at December 31, 2010, is as follows:

DebitCredit
Cash $ 33,540
Accounts receivable 101,000
Allowance for doubtful accounts 5,000
Merchandise inventory 50,000
Prepaid insurance 8,100
Investment in Sheen Inc. Bonds (5%)30,000
Land 65,000
Building 164,000
Accumulated decrease: building16,400
Accounts payable 101,780
Loan payable (6%)160,000
Common shares 80,000
Retained earnings55,720
Sales 239,730
Rental income 14,000
Advertising expense 27,300
Supplies expense 16,200
Buys 102,500
Office salaries expense 22,800
Sales commission expense 40,640
Interest expense 11,550
total $ 672,630$ 672,630

Additional in rank:

a)Current advertising costs amount to $ 1,400 per month. The company has already paid for magazine advertisements for the first quarter of 2011.

b)The building was bought and occupied on January 1, 2008, with an estimated useful life of 20 years and no residual value. (The company uses straight-line decrease).
c)Prepaid insurance contains the premium costs of two policies. Policy A costing $ 1,200, was taken out on October 1, 2009, for a one-year term. Policy B, costing $ 7,200 was taken out on May 1, 2010 for a three-year term.

d)A part of Power’s building has been converted into a coffee shop that has been rented to Fantastic Cuppa since March 1, 2009. Fantastic Cuppa pays rent at the rate of $ 12,000 per year, payable each March 1st.

e)A review of Power’s accounts receivable revealed that $ 4,000 owing from one of its customers will never be collected as that customer has just declared bankruptcy. In addition, Power estimates that 3% of its Accounts Receivable balance on December 31, 2010 will become uncollectible.

f)In late December Power gave a $ 1,000 advance on their January commissions to one of its salespersons. That advance was charged to Sales Commissions Expense.

g)Power Inc. took out a longterm loan of $ 160,000 on December 1, 2008. Interest at the rate of 6% per annum is paid semi-annually on June 1st and December 1st. The principal is repayable on December 1, 2013.

h)It was determined that Power Inc. had received goods (buys) on December 31st in the amount of $ 5,250, and had made credit sales of 9,600, also on December 31st. Neither of these transactions was recorded in December.

i)On August 1, 2010, Power bought the bonds of Sheen Inc. as an investment. The bonds mature on August 1, 2013. Sheen Inc. pays interest semi-annually on February 1st and August 1st.

j)Power Inc. uses the periodic method of recording inventory. A physical count determined that the inventory on hand December 31, 2010, was $ 60,000.

REQUIRED:

1)Prepare the adjusting entries that are required based on the in rank given

Could anyone help us out with the adjusting journal entries?