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
alexgriva [62]
3 years ago
8

On September 1, a company established a petty cash fund of $220. On September 10, the petty cash fund was replenished when there

was $76 remaining and there were petty cash receipts for supplies, $51, and postage, $78. On September 15, the petty cash fund was increased to $305. Required: Prepare the journal entries, if any, required on September 1, September 10, and September 15. Journal entry worksheet Record an amount of $220 towards petty cash fundDate General Journal Debit Credit Sept. 1
Business
1 answer:
exis [7]3 years ago
6 0

Answer:

September 1, 202x, petty cash fund established

Dr Petty cash fund 220

    Cr Cash 220

September 10, 202x, petty cash expenses and replenishment of petty cash fund

Dr Postage expenses 78

Dr Supplies expenses 51

Dr Cash short and over 15

    Cr Cash 144

September 15, 202x, petty cash fund is increased

Dr Petty cash fund 85

    Cr cash 85

You might be interested in
How will an increase in labor productivity affect equilibrium in the labor market?
IRINA_888 [86]

We can actually infer here that an increase in labor productivity will affect equilibrium in the labor market in the following way: The demand for labor will increase and the equilibrium wage and quantity of labour will increase.

<h3>What is equilibrium?</h3>

Equilibrium refers to the state whereby opposing things are balanced in order to achieve a desired outcome.

If the labor productivity is increased, it will definitely affect equilibrium in the labor market in such a way that the demand of labor will increase.

Learn more about equilibrium on brainly.com/question/517289

#SPJ11

8 0
2 years ago
Which would most likely shift the aggregate supply curve? a change in the prices of select one:
Delicious77 [7]
The product that would most likely shift the aggregate supply curve is the domestic products. The answer is letter A. The aggregate supply curve shows a relationship that is inverse between the price level and the quantity of real Gross Domestic Product (GDP) purchased. This is because it will increase the future demand.
4 0
3 years ago
Worldwide Minerals Inc. wants to expand into the international market. It does not want to spend a very large amount of money fo
slavikrds [6]

Answer: Option A

                       

Explanation: In simple words, joint ventures refers to the business arrangement under which two or more independent parties join their operation for the purpose of doing business more effectively.

Worldwide can go for joint venture as it would be less costly then mergers and acquisitions since they have to buy a part of the entity also they can control the entity as per their share in it.

8 0
3 years ago
margo has found her dream house. it’s listed at $370,000, and she plans to offer $365,000. she has a letter from her lender stat
charle [14.2K]

By providing the letter with her maximum loan amount Margot risks reducing her negotiating ability

This is further explained below.

<h3>What is a pre-approval letter?</h3>

Generally, A letter from a lender that states that the lender is willing to lend to you in the event of prequalification or preapproval is a document that states the lender is willing to lend to you up to a particular loan amount.

This is not a guaranteed loan offer, and the document that you are looking at is based on certain assumptions.

In conclusion, Margot runs the risk of decreasing her capacity to negotiate by diminishing her leverage by submitting the letter with the maximum loan amount.

Read more about the pre-approval letter

brainly.com/question/28221419

#SPJ1

7 0
1 year ago
The owner of a bicycle repair shop forecasts revenues of $188,000 a year. Variable costs will be $57,000, and rental costs for t
Umnica [9.8K]

Answer:

Revenues=$188,000

Less: Variable Costs=$57,000

Less: Rentals=$37,000

Earnings before depreciation and tax=$94,000

Less: Depreciation =$17,000

Earnings before tax=$77,000

Less: Tax40%=$30,800

Net Income=$46,200

a) Dollars in minus dollars out

Dollars in = Revenues = $188,000

Dollars out = Variable cost + Rentals + Tax = $57,000 + $37,000 + $30,800 = $124,800

Operating cash flow = $188,000 - $124,800 = $63,200

b) Adjusted accounting profits

Operating cash flow = Net income + Depreciation = $46,200 + $17,000 = $63,200

c) Add back depreciation tax shield

Operating cash flow = Earnings before depreciation and tax x (1 - tax rate) + Depreciation tax shield

or, Operating cash flow = $94,000 x (1 - 0.40) + $17,000 x 40% = $63,200

Yes, all the results are same.

7 0
3 years ago
Other questions:
  • Mayweather reports net income of $327,500 for the year ended December 31. It also reports $105,400 depreciation expense and a $1
    8·1 answer
  • _____ is a form of financial exchange that involves the use of checks.
    12·2 answers
  • You purchased 1,350 shares of stock in Natural Chicken Wings, Inc., at a price of $43.58 per share. Since you purchased the stoc
    5·1 answer
  • Explain the relationship between wages and derived demand
    6·1 answer
  • The basic distinction between a primary and a secondary market is a. proceeds from sales in the primary market go to the current
    11·1 answer
  • If the purchasing manager purchased a greater quantity of raw materials than budgeted, but paid the Standard Price (SP), which v
    6·1 answer
  • Amerigo grew up speaking both English and Italian with his family, and he believes that knowledge of more than one language is a
    8·2 answers
  • Why is it important to invest for your retirement? please explain :p
    6·1 answer
  • The Payroll records of Oregon Mist contained the following information for the month of November: Salaries $ 350,000 FICA Taxes
    6·1 answer
  • When a tax is placed on a product, it’s_________increases, so it’s_________ may decrease. People react to the higher prices by b
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!