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
Tju [1.3M]
3 years ago
11

Havermill Co. establishes a $450 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

pts on that date represent $93 for Office Supplies, $177 for merchandise inventory, and $42 for miscellaneous expenses. The fund has a balance of $138. On October 1, the accountant determines that the fund should be increased by $90. The journal entry to record the reimbursement of the fund on September 30 includes a:
Business
1 answer:
alexdok [17]3 years ago
3 0

Answer:

Dr Petty cash $312

Cr Cash $312

Explanation:

Preparation of the journal entry to record the reimbursement of the fund on September 30

Since we were told that Havermill Co. establishes the amount of $450 as petty cash fund on September 1 in which the fund also had a balance of $138 which means the Amount required for reimbursement of the fund will be:

Amount required for reimbursement of the fund = The Beginning balance - The Remaining balance

Amount required for reimbursement of the fund = 450 - 138

Amount required for reimbursement of the fund = $312

Therefore the journal entry to record the reimbursement of the fund on September 30 will be :

September 30

Dr Petty cash $312

Cr Cash $312

You might be interested in
Which is the best strategy for improving an essay that contains too many short sentences?
Airida [17]
By using words like "and, but, and or" you can connect two sentences or thoughts.
8 0
3 years ago
The country of Lilliput has low unemployment and high consumer spending, and small businesses are thriving. However, prices are
lara31 [8.8K]

Answer:

Raise the income tax, which gives citizens less money to spend, and buy more services from civilian - owned businesses, which creates more jobs.

Explanation:

To prevent inflation, Lilliput's government should raise the income tax, which gives citizens less money to spend and buys more services from a civilian-owned business, which creates more jobs.

In this way, it can increase employment and reduce consumer spending which in turn will prevent inflation.

7 0
3 years ago
Wages salaries expense is equal towhat?
Sergio039 [100]
Accounts such as Wages and Salaries Expense, Wages Expense, and Salaries Expense are used to record the gross wages and salaries earned by employees during the accounting period. Gross wages and salaries means the amount before payroll taxes and other with holdings. 
hope this helps
6 0
3 years ago
If the money supply is MS2 and the value of money is 5, then the quantity of money an. demanded is greater than the quantity sup
nlexa [21]

Answer:

If the money supply is MS2 and the value of money is 5, then the quantity of money

a. demanded is greater than the quantity supplied; the price level will rise.

Explanation:

If the money supplied is greater than the quantity demanded; the price level will fall.  The quantity theory of money, popularized by Irving Fisher but developed by John Maynard Keynes, states that the value of money is influenced by the forces of demand and supply.  This theory implies that money supply and price level proportionally influence each other.

3 0
3 years ago
When one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, suc
Dafna11 [192]
The correct answer that would best complete the given statement above is the word JOB ENRICHMENT. Here is the complete statement. <span>When one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, such as handling merchandise-return problems and approving customers' checks, they gave them more responsibility. This is a job enrichment technique. Hope this helps.</span>
3 0
3 years ago
Other questions:
  • The first step in developing a knowledge management system is to:
    14·1 answer
  • The aim of​ _____________ is to produce high customer equity​, the total combined customer lifetime values of all of the​ compan
    13·1 answer
  • If a company has 5 employees with annual salaries of $90000 $60000 $70000 $90000 and $20000 respectively what is the mean annual
    5·2 answers
  • A quadrilateral has the following qualities
    6·1 answer
  • During the month of September, the Texas Go-Kart Company had the following business activities: a. On September 1, paid rent on
    6·1 answer
  • When auditors wish to issue an unmodied opinion but highlight that the entity changed its method of accounting forsoftware devel
    6·1 answer
  • annual property taxes are $1,776. the previous year's taxes are paid. if the closing is one May 1, what is the seller's portion
    5·1 answer
  • An airport in Japan is planning to purchase a parcel of land for building additional executive hangars in five years. The price
    14·1 answer
  • In order to formulate strategies that align with the mission some of the activities the organization will need to perform are
    12·1 answer
  • Zeke, an employer, received a grievance from Gavin, an employee who was dismissed recently. Zeke rejected Gavin’s grievance as h
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!