Give an example of a pair of variables that have negative correlation

Ch 03 Learning Objective 03: Demonstrate the purposes and recording of adjusting entries Side 8 Knowledge Check For each of the following scenarios, indicate the accounts that will be debited and oresited when the adjusting entries are made at the end of the On February 1, an insurance compary receives a premium of $4,000 cash from another company in an agreement to provide insurance of $1,000 each month for the next four months beginning in February. Think from the insurance company's At the end of May, a company receives a utility bll for $500 associated with operations in May. The company plans to pay the bill on June 10. A company provides tutoring services to customers during two weeks in April. Customers pay cash in April On August 1, a bank lends $5,000 to a company at an annusl ec interest of 12% on the borrowed amount. Thr* from the bank's On January 1, a company pays one year of rent in advance fort $12,000 ($1,000 per month Slide 8 - References owledge Check 2 the definitions provided, drag and drop an appropriate example. Example Definition These provide a benefit over the next year Notes Payable drop item here These provide a benefit for more than one operating cycle Prepaid insurance drop item here These are typically due in more than one year Property and equipment drop item here These are due during the next year Salaries payable drop item here Slide 7 References 5: Propare Presentation using the