Nabal worked for Abigalco on the second floor, in accounting. One day he sneaked onto the 15th floor at Abigailco headquarters, the research and development floor. He was not supposed to have access to this area any more than a non-employee would. He went up the elevator to the 15th floor and sneaked into the offices there when the receptionist was distracted. Nabal found a top secret device in a room that Abigailco engineers were working on, stuck it in his backpack, and quickly headed out down the stairs. Nabal then sold the device to a competitor of Abigailco for $100,000. Which of the following is true of this scenario? a. Nabal has committed embezzlement.
b. Nabal has committed fraudulent misrepresentation
c. Nabal has committed robbery.
d. Nabal has committed larceny.

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)