22.

Which of the following accounts would be found in an accrual adjusting entry?

		a. Prepaid Insurance
		b. Unearned Revenue
		c. Supplies
		d. Wages Payable

23.

Donovan Co. uses the aging method to allow for uncollectible accounts. Donovan's accountants have estimated that $37,000 of current accounts receivable will eventually become uncollectible. The current balance of the Allowance for Uncollectible Accounts is an $4,000 credit. For what amount should the Allowance account be adjusted this period?

		a. $41,000
		b. $37,000
		c. $34,000
		d. $33,000

24.

The cost of replacing a dead battery in a car would probably be considered an:

		a. extraordinary repair
		b. addition
		c. betterment
		d. ordinary repair

25.

Assuming that inventory costs have been rising throughout the period, use of the LIFO inventory method will produce a lower value for Net Income than will the FIFO or Average inventory methods.

		a. True
		b. False