23.If a business records revenues when earned, regardless of whether cash has been received, and records expenses when they are incurred, the accounting system is a(n) a. A. revenue basis of accounting. b. accrual basis of accounting. c. cash basis of accounting. d. modified cash basis of accounting.

9.Owner's equity at the start of the period is $35,000; net income for the period is $30,000; the owner invests additional capital of $15,000; and total withdrawals by the owner is $5,000. The owner's equity at the end of the period is

	a.	$80,000
	b.	$75,000
	c.	$85,000
	d.	$40,000

1)Supplies originally cost $600, but only $150 worth of supplies were used this period. The adjusting entry would be

	a.	debit Supplies Expense, $150; credit Supplies, $150.
	b.	debit Supplies Expense, $450; credit Supplies, $450.
	c.	debit Supplies, $150; credit Supplies Expense, $150.
	d.	debit Supplies, $450; credit Supplies Expense, $450.