If an advertisement is placed in three different places in Glamour and then runs for five issues, the number of opportunities to see (OTS) would be:

A series of journal entries at the end of the accounting period to remove the balances from the temporary accounts so that they can accumulate data for the following accounting period are called:

A) Closing entries B) Reversing entries C) Adjusting entries D) Connecting entries E) None of the above

Martin was owed $10,000 in wages he had earned in the past 2 months but had not been paid by his employer Allsafe Industries Inc. Allsafe has now been forced into bankruptcy by the bank. Which of the following statements is TRUE?

A) Martin can claim $10,000 as a preferred creditor B) Martin can claim $10,000 as a secured creditor C) Martin can claim $10,000 as an unsecured creditor D) Martin can claim $5,000 as a secured creditor and $5,000 as an unsecured creditor E) Martin can claim $2,000 as a preferred creditor and $8,000 as an unsecured creditor