Use This Information to Answer the Following Question

question 204

Multiple Choice

Use this information to answer the following question. The trial balance for Barnstable Corporation appears as follows:
If on December 31,2013,supplies on hand were $40,the adjusting entry would contain a

• A) credit to Supplies for $40.
• B) credit to Supplies Expense for $260.
• C) debit to Supplies Expense for $260.
• D) debit to Supplies for $40.

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Definitions:

Physiological Needs

The most basic of Maslow’s hierarchy of needs having to do with the satisfaction of physical needs, including food and shelter.

Safety and Security

Basic human needs that involve being free from harm and threat, including protection of one's health and property.

Belongingness

The human emotional need to be an accepted member of a group, feeling of connection and acceptance within a social framework.

Esteem

A term that denotes respect and admiration, typically for a person or an entity's qualities or achievements.