Excise taxes tend to.

Havermill co. establishes a $470 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated recei

sammy [17]

Answer:

The journal entry to record the establishment of the fund on september 1 is:

1 September Petty Cash $ 470 Dr.

Cash $ 470 Cr.

31st September Office supplies, $95 Dr.

Merchandise inventory, $ 181 Dr.

Miscellaneous expenses $ 44 Dr.

Cash $320 Cr.

To reimburse Petty Cash

The journal entry to reimburse and to increase the fund are same .

October 1 Petty Cash $ 94

Cash $ 94

To increase the Petty Cash by $ 94

3 0

3 years ago

In her career exploration class alternate side that she likes being an airline pilot now she's in the process of research and co

Bezzdna [24]

Allison is in evaluating decision making process

Explanation:

Decisions are made through the certainty of action, data collection and the assessment of possible resolutions.

The final phase in the systematic decision-making process is assessment. Evaluating results will lead to learning lessons that will enhance the decision-making skills.

Allison is in the final step of her choice in this decision-making case. Because her future as an airline pilot has already been determined, and she has agreed to go to airline pilot research and training programmes.

6 0

3 years ago

Read 2 more answers

For each of the items indicate whether its amount affects the bank or book side of a bank reconciliation and is an addition or a

gulaghasi [49]

Answer:

The correct answer is:

a) Unrecorded deposits : bank addition

b) Interest on cash balance : book addition

c) Bank service charges : book subtraction

d) Debit memos : book subtraction

e) Outstanding Checks : bank subraction

f) Credit memos : book addition

g) NSF checks : book subtraction

Do unrecorded deposits require an adjusting journal entry? No

Does interest on cash balance require an adjusting journal entry? Yes

Do bank service charges require an adjusting journal entry? Yes

Do debit memos require an adjusting journal entry? Yes

Do outstanding checks require an adjusting journal entry? No

Do credit memos require an adjusting journal entry? Yes

Do NSF checks require an adjusting journal entry? Yes

8 0

3 years ago

Read 2 more answers

A bank with a negative repricing (or funding) gap faces refinancing risk. Group of answer choices True False

guajiro [1.7K]

Answer:

True

Explanation:

hope this helps :(

3 0

2 years ago

A corporation purchased manufacturing equipment for $100,000, with an estimated useful life of 10 years and a salvage value of $

bulgar [2K]

Answer:

The second year’s depreciation for this equipment using the straight line method is 8,500

Explanation:

Depreciation: Depreciation is a decreasing value of the assets due to the tear & wear, obsolescence, usage,etc.

The formula to compute the depreciation under straight lie method is shown below:

= $\dfrac{(original\ cost - salvage\ value)}{useful\ life}$

= $= \dfrac{(\$100,000 - \$15,000)}{10}$

= $8,500

The depreciation amount under straight line method should remain same over the estimated useful life

So, the second year’s depreciation for this equipment is $8,500

6 0

3 years ago