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yan [13]
3 years ago
13

Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represe

nt $80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses. There is a cash shortage of $8. The journal entry to replenish the fund on January 31 is:Multiple ChoiceA. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.B. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Cr. Cash over and short, $8; Cr. Petty cash, $252.C. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Cr. Cash over and short, $8; Cr. Cash, $252.D. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Cash, $268.E. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Cr. Cash over and short, $8; Cr. Petty cash, $400.
Business
2 answers:
Leno4ka [110]3 years ago
7 0

Answer:

THE ANSWER IS "A". Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.

DR: PETTY CASH             $268

CR: CASH/BANK              $268

BEING REIMBURSEMENT OF PETTY CASH EXPENSES FROM CASH OR BANK

Explanation:

THE PETTY CASH OF MENG CO. HAS TO BE REPLENISHED WITH THE AMOUNT SPENT OUT OF IT ($268) IN ORDER TO MAKE IT UP TO A FUND OF $300. THIS CAN BE DONE FROM THE CASH OR BANK ACCOUNT.

ALSO NOTE THAT SINCE THE AMOUNT OF CASH SHORTAGE IS YET TO BE ACCOUNTED FOR BY THE PETTY CASHIER, THE AMOUNT WILL BE DEBITED TO A SUSPENSE ACCOUNT (CASH OVER OR SHORT) PENDING THE TIME IT IS RESOLVED BEFORE IT WILL BE TRANSFERRED TO THE NECESSARY ACCOUNT IT WAS MEANT FOR.

tatuchka [14]3 years ago
5 0

Answer:

What the answer jk

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What is bank run ? in your own words.​
postnew [5]

Answer:

A bank run occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future

Explanation:

A bank run occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future

8 0
3 years ago
what is a patent registration, design registration, NDA( non disclosure agreement, and a trademark registration
nata0808 [166]

Answer:

find all answers in the explanation below

Explanation:

Patent Registration: This can be defined as the registration of the protection an invention to ensure that no one can make a copy of the said invention elsewhere. A patent registration is usually done after obtaining a patent right. A patent is the protection of an invention or idea to ensure that it is not produced or sold, etc by another individual. Patents are usually issued by the Patent and Trademark Office

Design Registration: This is the registration of a design such that it cannot be used elsewhere by another person. The registration of a design helps to protect the external look of an invention or product to ensure it is unusable anywhere else.

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Cheers.  

8 0
3 years ago
For over 40 years, Top Manufacturing produced only one product, a car part for Moraine Assembly (the Moraine, Ohio, General Moto
ohaa [14]

Answer:

The statement is true.

Explanation:

The statement is true and correct that the Top company is a vulnerable company as vulnerable in business means that the company is weak and the reason due to which the top company is vulnerable as from last 40 years, the top manufacturing company is producing only a single product and does not engage in expanding the business.

Therefore, the correct option is A.

6 0
3 years ago
M9.5 Peter Sagan is in charge of maintaining hospital supplies at Champs Hospital. During the past year the mean weekly demand f
Dahasolnce [82]

Answer:

26 packages

Explanation:

Given that:

The demand D = 186 packages in a week

Standard deviation  = 13packages

The lead time L = 1.5 weeks

Order quantity Q = 750 packages

The Confidence service Level = 0.95

At the service level (SL) if we find the P(Z) of the SL using Excel, we have:

P(Z) = NORMSINV(0.95)

P(Z) = 1.64

Thus;

the safety stock = Z × SD√L

= 1.64 \times 13 \sqrt{1.5} \\ \\

= 1.64 \times 13 (1.224745)

= 1.64\times15.92

= 26.11156

≅ 26 packages

7 0
3 years ago
Which one is the biggest part of your budget fixed or variable cost
VLD [36.1K]
It depends but variable costs are usually associated with unit production like ingredients or materials so fixed costs like capital expenditure might be the larger part of a budget
3 0
3 years ago
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