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shusha [124]
3 years ago
11

During October, Pharoah Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fu

nd is established with a check for $147.00 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $197.00. A count of the petty cash fund disclosed the following items: Currency $59.00 Coins 2.11 Expenditure receipts (vouchers): Supplies $24.69 Miscellaneous items 14.99 Postage 38.29 Freight-Out 5.39 Journalize the entries in October that pertain to the petty cash fund.
Business
1 answer:
pochemuha3 years ago
6 0

Answer:

The entries are made as follows;

Explanation:

 Oct 1.  Petty Cash    Dr.147

            Cash              Cr.147

          Petty Cash (197-147)   Dr.$50

          Cash                            Cr.$50

  Supplies Expense Dr.$24.69

   Petty Cash            Cr.$24.69

Miscellaneous Expense      Dr.$14.99

Petty Cash                           Cr.$14.99

Postage Expense     Dr.$14.99

Petty Cash                Cr.$14.99

Freight Expense Dr.$5.39

Petty Cash          Cr.$5.39                                                                                                              

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Purchasing cost= $150,000.

The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

1) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (150,000 - 12,000)/5= 27,600

<u>2020:</u>

Annual depreciation= (27,600/365)*92 days= $6,956.71

2) Units of activity:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(150,000 - 12,000)/10,000]*1.700= $23,460

3) Double-declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*27,600= 55,200

<u>2020:</u>

Annual depreciation= 55,200/365*92= 13,913.42

<u>2021:</u>

Annual depreciation= [138,000 - 13,913.42)/5]*2= 49,634.63

5 0
3 years ago
The growth of industry is related to the growth of immigration in the late 19th century because:
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Answer:

Mark me as brain list

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The researchers believe the late 19th and early 20th century immigrants stimulated growth because they were complementary to the needs of local economies at that time. Low-skilled newcomers were supplied labor for industrialization, and higher-skilled arrivals helped spur innovations in agriculture and manufacturing.

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2 years ago
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Answer:

Cheap & effective

Explanation:

this source of labor was easily abusable and by having people you don't need to pay and spend barely anything on feeding them it makes it easier to build the USA. I don't agree with the USA being founded on this but other countries were doing this so the USA did it also.

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Answer:

A. targeted

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Furthermore, the primary way to make a resume persuasive (to convince or inform an action in the minds of the readers - potential employers) is by customizing it to fit each company and position.

This ultimately implies that, job applicants are expected to tailor their resume to fit or match the position that is advertised by a company's human resources department.

Hence, a targeted resume (curriculum vitae) is customized (tailored) by a job applicant to highlight the specific qualifications and experience needed for a particular job.

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Answer:

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