1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Morgarella [4.7K]
3 years ago
11

On Dec. 31 The petty cash custodian performs the month-end reconciliation and totals the receipts as follows: Postage stamps use

d $58 Courier costs $73 Company lunch costs $61 Office decorations $30 $68 of cash remained on hand. Record the entry to reimburse the petty cash fund. Book any overage or shortage to Petty Cash Overage/Shortage. Use Misc. expense for all costs noted above. 27.On Dec. 31 Deposited $30,000 in a bond sinking fund (related to paying back bonds payable). Use the Other assets account for the debit. 28.On Dec. 31 Record the journal entry to decrease the petty cash fund to $250 from $300.
Business
2 answers:
Olegator [25]3 years ago
7 0

Answer:

total petty cash expenses:

  • Postage stamps $58
  • Courier $73
  • Company lunch $61
  • Office decorations $30
  • total $222

money left in the petty cash fund $68, so $10 are missing

December 31, petty cash fund reimbursement:

Dr Miscellaneous expenses 222

Dr Petty cash shortage 10

    Cr Cash 232

December 31, bond sinking fund established:

Dr Other assets account 30,000

    Cr Cash 30,000

December 31, petty cash fund is reduced by $50

Dr Cash 50

   Cr Petty cash fund 50

Charra [1.4K]3 years ago
6 0

Explanation:

Question A: Petty cash Reimbursement fund

Dr.                                           $                        Cr..                                 $

Miscellaneous expenses.    222.                    Cash                            232

Petty Cash shortage  .           10

Question B: Bond sinking Fund

Dr.                                            $                       Cr.                                  $

Other assets a/c.                30,000.              Cash.                            30,000

Question C: Petty Cash Fund

Dr.                                            $                        Cr.                                 $

Cash.                                      50.                 Petty Cash Fund              50

Additional Information

For the petty cash Reimbursement, total expenses were at $222 and money in hand is $68, making a total of $10 shorting from the petty cash fund out of a combined total of $300.

You might be interested in
Magic Realm, Inc., has developed a new fantasy board game. The company sold 16,400 games last year at a selling price of $70 per
olga nikolaevna [1]

Answer:

feelsbad

Explanation:

8 0
3 years ago
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.0 percent of his salary each month in the Capital Investment
Gnesinka [82]

Answer:

The amount of the fee is $1689.60

Explanation:

The computation of the amount of the fee is shown below:

= Dollar value × fund charges a 12b-1 fee

= $211,200 × 0.8%

= $211,200 × 0.008

= $1689.60

Since the question has asked the fee amount so we consider the fee charges percentage, not the capital investment Lifecycle fund. Thus, we ignore the Capital Investments Lifecycle Fund as it is not relevant.

Hence, the amount of the fee is $1689.60

8 0
4 years ago
Why is it important to write something in the subject line of emails? O A. Because most email programs won't send emails without
nordsb [41]

The correct answer is D.

If you don't include something in the subject line of an email the recipient might delete your message or send it to the spam folder. The whole purpose of a subject line is to include a compelling reason for the recipient to open the email and read it. If there is nothing in the subject line then the recipient will have no reason to open the email and might just automatically delete it of forward it to spam.

3 0
3 years ago
Read 2 more answers
The unemployment rate in an economy is 6 percent. The total population of the economy is 290 million, and the size of the civili
Natali [406]

Answer:

The answer is B.

Explanation:

Unemployed people are those who are out of work and who are actively looking for a job. They are also those citizens they are willing to work but cannot find.

The unemployment rate is 6 percent.

So, The number of unemployed workers in this economy is 9 million (6 percent of 150 million civilian labour force)

We cannot use the total population because out of it, we have young citizen and old ones who are not searching for or willing to work.

4 0
3 years ago
On December 31, 2018, a company had assets of $29 billion and stockholders' equity of $22 billion. That same company had assets
Kisachek [45]

Answer:

0.69

Explanation:

From the question above on December 31, 2018 a company has an assets of $29 billion and stockholders equity of $22 billion.

On December 31, 2019 the same company recorded an assets of $55billion and stockholders equity of $17billion

Inorder to calculate the debt-to-assess ratio the first step is to find the amount of liabilities

Liabilities= Assets-Stockholders equity

Assets= $55 billion

Stockholders equity= $17 billion

= $55billion-$17billion

= $38 billion

Therefore, the debt-to-assets ratio can be calculated as follows

Debt-to-assets ratio= Total liabilities/Total Assets

= $38 billion/ $55 billion

= 0.69

Hence on December 31, 3019 the debt-to-assets ratio is 0.69

5 0
4 years ago
Other questions:
  • What two steps can you take to help correct this? UC is having issues using Informatica Cloud Louder to export +10MOrder records
    10·1 answer
  • Why would it be important to use real gdp to get a more accurate representation of economic growth across time periods?
    10·1 answer
  • The balance of payment account is made up of:
    9·1 answer
  • The deeds and actions of a producer indicate what kind of authority?
    8·1 answer
  • A​ zero-coupon bond can be redeemed in 20 years for $ 10 comma 000.$10,000. how much should you be willing to pay for it now if
    8·1 answer
  • New e-commerce businesses, including companies like eBay, focus on voluntary exchange. Which generalization BEST describes this
    12·2 answers
  • What is a barther system?
    13·2 answers
  • ABC Software is a producer of educational software for children below the age of twelve. The company has operations in Switzerla
    12·2 answers
  • 82) At the current price of $2, how much does the firm want to produce?
    14·1 answer
  • Select the correct answer.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!