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Bad White [126]
3 years ago
11

Journalize the entries to record the following.

Business
1 answer:
vredina [299]3 years ago
4 0

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c $1,100

       To Cash A/c $1, 100

(Being the petty cash fund is established)

2. Office supplies A/c Dr $614

   Miscellaneous selling expense A/c Dr $200

   Miscellaneous administrative expense A/c Dr $145

   Cash short and over A/c $26

             To Petty cash A/c $985

(Being the expenses are recorded)

The Cash short and over is computed below:

= $1,100 - $115- $614 - $200 - $145

= $26

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Answer:

The correct order is option B.

Explanation:

As the order is in which the items are in the process of the subsidiary is given as by option B.

Option A is not true as the step of receiving report is not at the start of the process.

Option C is not true, because all the steps are not included.

Option D is not true as well because all the steps are not included.

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3 years ago
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$2.56 per share

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We simply divided the net income after deducting the preferred stock dividend and then divided it by the total number of shares

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3 years ago
How to calculate ytc?
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number of years to the call date.

frequency of payments.

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