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pickupchik [31]
3 years ago
5

The petty cash fund has a current balance of​ $200. based on activity in the​ fund, it is determined that the balance needs to b

e changed to​ $400. which journal entry is needed to make this​ change?
Business
2 answers:
Arada [10]3 years ago
4 0

Answer:

Debit the petty cash account with $200 and credit the cash account also with the same amount (i.e. $200).

Explanation:

A petty cash fund refers to a small amount of money or cash that is set aside to meet minor expenses like stationery expenses and other office supplies.

From the question, the additional amount needed to change the current balance of $200 to a new of $400 is the difference between the two which $200 (i.e. $400 - $200 = $200).

The journal entry for recording the additional $200 is to debit the petty cash account with $200 and credit the cash account with the same amount as follows:

                                                                    DR ($)                 CR ($)

Petty cash account                                      200

Cash account                                                                          200

<em>Being an amount transferred to increase petty cash fund to $400.</em>

notka56 [123]3 years ago
3 0

Cash account will change

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Answer:

Supply chain management

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Managing the supply chain relates to maintaining the day-to-day operations related to the goods and services.  

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4 years ago
if you followed the suggestions of robert m. mcmath, which of these provides the best advice for a marketer for colgate, when la
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5 0
1 year ago
An investor is given the two investment alternatives (Assets A and B) with the following characteristics: Asset Expected Return
kow [346]

Answer:

12.00%

Explanation:

As per the given question the solution of standard deviation of a portfolio is provided below:-

Standard deviation of a portfolio = √(Standard deviation of Product 1)^2 × (Weight 1)^2 + Standard deviation of Product 2)^2 × (Weight 2)^2 + 2 × Standard deviation of product 1 × Standard deviation of product 2 × Weight 1 × Weight 2 × Correlation

= √(0.165^2 × 0.6^2) + (0.068^2 × 0.4^2) + (2 × 0.6 × 0.4 × 0.165 × 0.068 × 0.7)

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3 0
3 years ago
Under which circumstances must an employer provide a guardrail?
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Answer:

A, B and D

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Under  OSHA laws, employers must provide a safe workplace for the employees. All the danger areas must be indicated with either painting or signage. Using guard rails is an excellent way of demarcating danger zones. They keep employees away from dangerous spots. In this case, an employer should use guard rails in the following circumstances.

1.Around every floor hole into which a worker can accidentally walk. The guard rails will form a barrier that will prevent accidental falls into the hole.

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8 0
4 years ago
Determine the number of cycles per day and the production quantity per cycle for this set of vehicles: Product Daily Quantity A
PIT_PIT [208]

Answer:

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     D                 16                     16/4 = 4 units

3 0
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