Complete the Following by Filling in the Blanks

question 155

Essay

Complete the following by filling in the blanks:
(1) The Prepaid Insurance account had a $455 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 $225; consequently, if all supplies were accounted for, $_____________ of office supplies must have been purchased during the year.

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Definitions:

Cognitive Inventory

An assessment tool used to evaluate an individual's patterns of thought, beliefs, and attitudes that may influence their behavior and emotional well-being.

MMPI-2

A psychological assessment that evaluates personality traits and psychopathology, commonly used for diagnosing mental disorders.

Rorschach Test

A projective test, in which a person reacts to inkblots designed to help reveal psychological features of the person.

Cultural Response

The collective way in which a community or population reacts to an event, idea, or change, influenced by cultural norms and values.