____ 46. Which of the following entries records the receipt of cash from patients on account?

a.	Accounts Payable, debit; Fees Earned, credit
b.	Accounts Receivable, debit; Fees Earned, credit
c.	Accounts Receivable, debit; Cash, credit
d.	Cash, debit; Accounts Receivable, credit

____ 47. The balance in the office supplies account on June 1 was $5,200, supplies purchased during June were $3,500, and the supplies on hand at June 30 were $3,000. The amount to be used for the appropriate adjusting entry is

a.	$4,500
b.	$2,500
c.	$9,700
d.	$5,700

____ 48. Supplies are recorded as assets when purchased. Therefore, the credit to supplies in the adjusting entry is for the amount of supplies

a.	that are in the ending balance
b.	purchased
c.	used
d.	either used or remaining

____ 49. The net income reported on the income statement is $100,000. However, adjusting entries have not been made at the end of the period for supplies expense of $7,700 and accrued salaries of $6,300. Net income, as corrected, is

a.	$87,300
b.	$90,000
c.	$88,700
d.	$86,000

____ 50. The initials GAAP stand for

a.	General Accounting Procedures
b.	Generally Accepted Plans
c.	Generally Accepted Accounting Principles
d.	Generally Accepted Accounting Practices