13. Minniti Company has the following items:

Common stock, $800,000

Treasury stock, $150,000

Deferred income taxes, $125,000

Retained earnings, $400,000.

Accumulated Comprehensive Income $100,000

Prior Period Adjustment (loss) $ 50,000

What total amount should Minniti Company report as stockholders equity?

a. $1,220,000.

b. $1,305,000.

c. $1,200,000.

d. $1,150,000

e. $1,100,000

14. Jason Tighe Company has a short-term $10,000, 12% Notes Payable to Tyler Coe City Bank due on February 28, 2015. The note was acquired on November 1, 2014. What adjusting entry should Jason make be made at the year end?

Interest Expense $1,200

Accrued Interest Payable $1,200

Interest Expense $ 300

Interest Payable $ 300

Interest Expense $ 200

Interest Payable $ 200

Interest Expense $ 400

Accrued Interest Payable $ 400

15. Which of the following would not be a correct form for an adjusting entry?

a. A debit to a liability and a credit to a revenue

b. A debit to an revenue and a credit to an expense

c. A debit to a revenue and a credit to a liability

d. A debit to an expense and a credit to a liability