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22. Ar February 1, 2022, the balance in Goebel Inc.'s supplies account was $3.500. During February, Goebel purchased supplies on $3,000 and used supplies of

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22. Ar February 1, 2022, the balance in Goebel Inc.'s supplies account was $3.500. During February, Goebel purchased supplies on $3,000 and used supplies of $4,000. At the end of February, the balance in the Supplies account should be a. $3.500 debit b. $4.500 credit c. $10.500 debit d. $2.500 debit. 23. At September 1, 2022, Kern Enterprises reported a cash balance of $140,000. During the month, Kern collected cash of $60,000 and made disbursements of $100,000. At September 30, 2022, the cash balance is a. $40,000 credit. b. $100.000 credit c. $200,000 debit. d. S100.000 debit. 24. If the Cash account has a credit balance, which of the following statements is true? a. This is the normal balance for cash. b. An error has occurred and must be corrected before financial statements can be prepared. c. The account needs to be analyzed to determine the reason for the credit balance. d. Debit postings exceed the credit postings for the accounting period

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