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spayn [35]
3 years ago
8

ournalize the entries to record the following: June 1 Established a petty cash fund of $200. 30 The amount of cash in the petty

cash fund is now $57. The fund is replenished based on the following receipts: postage, $25; entertainment, $100; and miscellaneous, $20. Record any discrepancy in the cash short and over account. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Keith_Richards [23]3 years ago
8 0

Answer:

The journal entries are as follows:

(i) On June 1,

Petty cash A/c    Dr. $200

To cash                                 $200

(To record petty cash established)

(ii) On June 30,

Postage A/c             Dr. $25

Entertainment A/c   Dr. $100

Miscellaneous A/c   Dr. $20

To cash short and over A/c                 $2

To cash ($200 - $57)                           $143

(To record cash replenishment)                      

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The correct answer is letter "B": Information.

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The five stages a buyer passes through in making choices about which products and services to buy is called the postpurchase beh
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Purchase Decision Process

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The purchase decision process is the one through which the a buyer makes his decision of buying a certain product.

This consumer buying process has five step which they use to make their decision, are following;

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I hope the answer is helpful.

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8 0
2 years ago
Downward influence is best achieved through A. citing the firm's goals. B. forming alliances. C. an inspiring vision. D. forming
Aloiza [94]

Answer:

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Explanation:

4 0
3 years ago
The first component of the master budget is the cash budget. overhead budget. pro-forma budget. sales budget.
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Sales Budget

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7 0
2 years ago
Lew's increases its annual dividend by 2 percent annually. The last dividend paid was $1.42 and the stock price is $46. How is t
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Answer:

Expected return=5.1%

Explanation:

The expected rate of return on the stock can be determined using the dividend valuation model

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Using this model,

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7 0
3 years ago
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