Answer and Explanation:
The journal entries are as follows:
1. Petty cash A/c Dr $150
To Cash A/c $150
(Being the establishment of petty cash is recorded)
2.
Entertainment expenses A/c Dr $70
Postage expense A/c Dr $30
Printing A/c Dr $22
To Petty cash A/c $122
(Being the reimbursement of petty cash fund is recorded)
False, a credit card doesn’t deduct from your checking account nor is it linked to your checking account only a debit card deducts from your checking account.
Answer:
we need to know what the options are
Explanation:
Economic cycle is defined as the fluctuations of the economy between the period of expansion and contraction.
There are four stages of economic cycle :
Expansion, peak, contraction, trough
Under the stage of contraction, the business flow is slow as low retail sales, prices, interest rates. The correction will takes place in this stage and economy started recovering in the next stage that is trough.
It is very important to insight the economic cycle for taking major decisions regarding investment and business.
This cycle goes in cyclic pattern.
The investors will invest more in the contraction period because rates were relatively low in this stage.
To know more about economic cycle:
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