Answer:
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C. Debit Miscellaneous Expense $270; credit Cash $270.
Explanation:
At the time of the reimbursement from the petty cash, the vouchers for the money used are presented and these must be charged to the different expenses incurred.
In October 1, the journal entry for the petty cash increase of $54 will be:
Debit Petty Cash $54; credit cash $54.
someone who's mad and wierd like me......
B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet
captive product pricing, Disney offers lower prices to enter the park but higher prices once in the park because the audience is captive
