Answer:
Blake Company
Assets = Liabilities + Equity
- 395 -215
- 180
The expenses payable are decreased and so are liabilities. The cash is also decreased.
The petty cash payments report and all receipts are given to the company cashier in exchange for check to reimburse the fund. The petty cashier cashes the check and puts the cash in the petty cash book . the company records this reimbursement as follows.ase
Miscellaneous Expenses $ 215 Dr
Cash receipts $ 180 Dr
Cash $ 395 Cr
To reimburse petty cash.
Answer:
Distribution.
Explanation:
Distribution is the process by which the goods and services that are supplied by the seller is delivered to the consumer.
George's is involved in the following processes thus performs a distribution function: transportation of metal components, preformed plastic, etc. used to manufacture the systems as well as the efficient movement of the finished systems from the manufacturing facility to the warehouse to distribution trucks.
Distribution channels are constantly made more efficient to speed up productivity and improve customer satisfaction.
Answer:
Aging of accounts receivable method.
Explanation:
Accounts receivable are the payments owed to a business by its customers. Bad debt occurs when there is uncertainty that an account receivable will be recovered.
The accounts receivable aging method is used to classify debts based on on the length of time past due.
Classifications such as are based on length of time past due and when to time past due is too long it will be considered to be a loss.
Lengths of time used include: 1-30 days past due, 31-60 days past due, 61-90 days past due, 91-120 days past due, and greater than 120 days past due.