Complete the Following by Filling in the Blanks

question 95

Essay

Complete the following by filling in the blanks:
(1) The Prepaid Insurance account had a $545 debit balance at the beginning of the current year;
$650 of insurance premiums were paid during the year; and the year-end balance sheet showed $420 of prepaid insurance; consequently, the income statement for the year must have shown $________ of insurance expense.
(2) The Office Supplies account began the current year with a $235 debit balance; the income statement for the year showed $475 of office supplies expense; and the year-end balance sheet showed the current asset, office supplies, at $275; consequently, if all supplies were accounted for,
$ of office supplies must have been purchased during the year.

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Definitions:

Licensing Examination

A test for the specific nursing group (e.g., registered nurse [RN], licensed practical nurse [LPN], registered practical nurse [RPN]) provided by the appropriate provincial or territorial regulatory authorities; successful candidates become licensed in that province or territory.

Nursing Employment

The occupation or profession of working as a nurse, which involves providing healthcare services to individuals, families, and communities.

Canadian Nursing Programs

Educational programs in Canada designed to prepare individuals for licensure and practice as registered nurses or practical nurses.

PhD Nursing Programs

Advanced academic programs that prepare nurses for leadership roles in research, education, and clinical practice, culminating in a Doctor of Philosophy degree in nursing.