1. During the first year of Bottlebrush Co.'s operations, all purchases were recorded as expenses. Supplies in the amount of $18,400 were purchased. Actual year-end supplies amounted to $4,800. The adjusting entry for store supplies will a.increase net income by $13,600.

b.increase assets by $4,800.

C.decrease supplies by $4,800.

d.debit Accounts Payable for $4.800.

2. The BTW Corporation had revenues of $500,000, expenses of $300,000, and dividends of $25,000. When Income Summary is closed to Retained Earnings, the amount of the debit or credit to Retained Earnings is aa.debit of $175.000.

b.credit of $200.000

C.debit of $200,000.

d.credit of $175,000.

3. Ben Cartwright & Co. keeps his accounting records on the cash basis. During 2022, Ben collected $525,000 from his patients. At December 31, 2027, Ben had accounts receivable of $60,000. At December 31, 2022, Ben had accounts receivable of $90,000 and unearned revenue of $25,000 On the accrual basis, how much was Ben Cartwright's patient service revenue for 2022?

a.$530.000.

b.$580,000. c.$585,000.

d.$520,000.