2. What are the advantages/disadvantages of being right-brain thinker in terms of the capabilities?

​

The answer is below

Explanation:

Advantages of being a right thinker in terms of the capabilities are:

Such person possesses these abilities:

1. creativity

2. free-thinking ability

3. ability to see the big picture

4. spontaneous ability

5. inclined to visualize the situation.

Disadvantages may include the following

1. Not strong in the area of analytical thinking;

2. Les logical evaluation;

3. less detail- and fact-oriented

numerical

Explanation:

Correction of errors:

Interest expense is overstated by the extra interest amount and retained earnings is overstated by the same amount. So debit the retained earnings and credit the interest expense.

Dr Retained earnings 61,000

    Cr Interest expense 61,000

Adjusting entry:

Dr Interest expense 61,000

    Cr Discount on bonds payable 1,000

    Cr Interest payable 60,000

Supporting calculations:

Amount of interest payable for 5 months: 72,000*5/6 = 60,000

Discount on bonds payable = 1,200*5/6 = 1,000