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
777dan777 [17]
3 years ago
13

Sept. 1 Established a petty cash fund of $350. 30 The amount of cash in the petty cash fund is now $130. The fund is replenished

based on the following receipts: office supplies, $116; postage, $100. Record any discrepancy in the cash short and over account. If an amount box does not require an entry, leave it blank. Sept. 1 Petty Cash 350 Cash 130 Sept. 30 Postage Expense 100
Business
2 answers:
elena55 [62]3 years ago
6 0

Answer:

Sept 1

DR PETTY CASH $350.30

CR CASH $350.30

Sept 30

DR POSTAGE EXPENSE $100

DR OFFICE SUPPLIES $116

DR CASH SHORT & OVER $4

CR CASH $220

Explanation: A petty cash is a small amount of money disbursed by an organisation for expenditures. This expenditures are usually day to day expenses such as postages, stationaries, office supplies and so on. From time to time, there may be cash shortages or the cash may be over for various reasons.

nadezda [96]3 years ago
5 0

Answer:

Date          Description             Dr.          Cr.

Mar.20   Office Supplies         $116

              Postage Expense     $100

              Cash over / Short     $4

              Cash (350-130)                       $220

Explanation:

All the expenses should be debited due to their debit nature as an expense. and the cash should be credit net of replenished amount and cash available. To balance bot side there might be a cash shortage or cash over entry which should be recorded accordingly.

You might be interested in
Can someone help me please? I attached the question and table. THANKS!!
AlexFokin [52]

Answer:

RAM devices are typical read/write memories

Explanation:

read/write memory A type of memory that, in normal operation, allows the user to access (read from) or alter (write to) individual storage locations within the device.

3 0
3 years ago
An employee who just finished an mba paid for by a firm’s tuition reimbursement program might feel a moral obligation to stay wi
Arturiano [62]

The answer is normative commitment as this is a type of commitment in which an individual acquires because he or she feels a sense of obligation of having to be committed and to stay in which is seen in the scenario above as the person stays because of his obligation.

6 0
3 years ago
Josh purchased 100 shares of XOM at the beginning of 2016. He received dividends per share of​ $1.37 (2016),​ $1.55 (2017),​ $1.
Natalka [10]

Answer: 7.80%

Explanation:

At the end of 2016, Josh received a dividend of $1.37 and at the end of 2020, he received one of $1.85.

You can calculate the growth rate with the formula:

Dividend Growth Rate = (Dividend received at end of 2020/Dividend received at end of 2016) ^ (1/n) - 1

2016 to 2020 is 4 years.

Dividend growth rate = (1.85 / 1.37)¹/⁴ - 1

= 0.07798518

= 7.80%

8 0
3 years ago
The value of the consumer price index (CPI) is best described as the:__________
Yakvenalex [24]

Answer:

current year prices to base year prices, holding the market basket content constant.

Explanation:

The CPI as a form of measurement, gives an examination of the weighted average of what is the cost or prices of a basket of consumer goods and services, transport, food, and medical services. We can calculate this when we take the changes in price of every singular item in the basket of goods and finding the average.

It's value can best be described as current year prices to base year prices, while holding the market basket fixed.

3 0
3 years ago
A company has $1,378 in inventory, $4,827 in net fixed assets, $664 in accounts receivable, $298 in cash, $626 in accounts payab
Nata [24]

Answer:

$7,167

Explanation:

Assets are resources held by an entity as a result of a past event, for which future economic benefits will flow to the entity. it is further classified as current and non-current.

Examples include inventory, cash, accounts receivable, Fixed assets or Property plant and Equipment.

Given

Inventory = $1,378

Net fixed asset = $4,827

Accounts receivable = $664

Cash = $298

Total assets = $1,378 + $4,827 + $664 + $298

= $7,167

4 0
3 years ago
Other questions:
  • When writing about a work of art which question would contribute most to your evaluation?
    15·1 answer
  • If you put $2,620 in a savings account and make no further deposits, what type of calculation would provide you with the value o
    6·1 answer
  • if you are married and want to deduct charitable contributions from your adjusted gross income which tax form should you use. Hu
    14·1 answer
  • Becky fenton has 80/160/90 automobile insurance coverage. if two other people are awarded $125,000 each for injuries in an auto
    8·1 answer
  • Businesses hold short-term securities for which of the following reasons
    12·1 answer
  • If you accept a job as a domestic security analyst for a brokerage firm, you are most likely working in which one of the followi
    7·1 answer
  • You invest 60% of your financial assets in Standard & Poor’s Depository Receipts with an expected return of 10% and a standa
    8·1 answer
  • What is a sinking fund?
    9·1 answer
  • Who wants o trade on rocket league?
    10·1 answer
  • At Just Right Thermostats, managers and workers share responsibilities, managers stress employee participation in all aspects of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!