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Inessa [10]
3 years ago
8

A company established a $400 petty cash. On October 15, there was $16 remaining in the petty cash fund on that date and there we

re petty cash receipts for travel expense, $39, delivery expense, $138, and office expenses, $214. The petty cash fund was replenished and increased to $1,000 in total. Required: Prepare the journal entry, if any, required, to record the replenishment of the petty cash fund and the increase in its amount on October 15. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Business
1 answer:
spayn [35]3 years ago
7 0

Answer:

On October 15

Travel expense $39  

Delivery Expense $138  

Office expense $214  

Petty cash ($1000 - $400) $600  

Cash over and short ($400 - $39 - $138 - $214 - $16)  $7

             To Cash  $984

(Being the replenishment of the petty cash fund is recorded)

Explanation:

The journal entry is shown below:

On October 15

Travel expense $39  

Delivery Expense $138  

Office expense $214  

Petty cash ($1000 - $400) $600  

Cash over and short ($400 - $39 - $138 - $214 - $16)  $7

             To Cash  $984

(Being the replenishment of the petty cash fund is recorded)

For recording this journal entry we debited the all expenses incurred plus the petty cash is also debited and cash is credited and the remaining balance is transferred to the cash over and short

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Explain ways of making contributions to discussions
Ksivusya [100]

Answer:

For making contributions to discussions, the following points are worth remembering:

  1. Until you arrive at the 'big idea', you should never wait. Your simple words will always be helpful in building discussions.
  2. Show responsiveness towards your group. Never be domineering or let others speak on your behalf.
  3. Be optimistic and show respect to other people's ideas.

Explanation:

The following strategies are helpful in building contributions to discussions. They make commencements with low stress approaches and build towards outright involvement.

Verbal/Non-Verbal Acknowledgements

Show that you're a decent audience by giving close consideration to what is being said. Recognize others' commitments by saying "yes" or gesturing your head. Speakers find such signals consoling as they show their thoughts are being tuned in to and esteemed. These listening techniques will likewise keep you dynamic and included, giving a decent beginning stage for increasingly significant commitments.

Agreements

Concurring with a point somebody has made can take your commitments to the following stage. Continuously use articulations that offer non-compromising talking techniques. You would then be able to manufacture this to increasingly complex degrees of understanding, expressing where and why you concur.

Observation

Take a stab at remarking on the conversation, indicating other gathering individuals that you're mindful of what's happening and are assuming a functioning job in tuning in and molding the contention. This can be especially helpful when attempting to maintain a strategic distance from interruptions and keeping the conversation on course.

Presenting alternative views

Offering elective perspectives shows a significant level of contribution and can be an exceptionally compelling method for assisting with building up your own thoughts and the thoughts of others. Try not to be hesitant to differ with somebody, just ensure that you do as such in a helpful manner. First express your contradiction by demonstrating you comprehend the point that was being made and afterward clarify why you oppose this idea. In the event that you are uncertain concerning why you dissent, have a go at doing as such with an inquiry

Involvement

This level shows exceptionally solid degrees of commitment. Notwithstanding the entirety of the above procedures, the included understudy will likewise attempt to make new focuses, driving the conversation into new ground. The included understudy will likewise attempt to carry others into the conversation, welcoming remark or drawing upon somebody with pertinent experience.

 

Using Openers

It tends to be hard to start making a commitment to the conversation, especially when other gathering individuals are now contributing completely. Utilizing a straightforward opening proclamation will kick you off and cause people to notice the way that you need to talk. On the off chance that the conversation is going truly well, you may need to rehash your initial articulation, in any event, causing to notice the way that a specific point is being disregarded

Coping with Conflict

In certain occasions, conversations can turn out to be exuberant to such an extent that they lead to solid contradiction between bunch individuals. Remember that conversation in a scholastic domain ought to stay objective and indifferent: thoughts ought to be tested, never individuals. On the off chance that you feel your own indignation levels rising, take a full breath and quit talking for some time. In the event that you see others blowing up attempt to assume a functioning job in the gathering, interceding with a portion of the above methodologies. Regardless of whether perception or understanding, you ought to be viable in causing to notice difference before it turns crazy.

4 0
3 years ago
Ameneh's mother is an entrepreneur and chooses to open a business. Her business begins to grow a large consumer base and eventua
inna [77]

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no thats wrong

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5 0
3 years ago
uppose you bought a 20-year, $1,000 face-value bond for par 5 years ago. The annual coupon rate on this bond is 8.5% and interes
mojhsa [17]

Answer:

Explanation:

Face Value=1000

Remaining term=15years

coupon rate=8.5% =YTM

purchased 5 years ago

Purchase price=1000

Current required rate of return=8.5%+1.5%=10%

Current price of bond = Coupon amount*PVIFA(RR,N)+Maturity value*PVIF(RR;N)=1000*8.5%*PVIFA(10%;15)+1000*PVIF(10%;15)=85*7.6061+1000*0.2394=885.9185

Decrease in the bond=1000-885.9185=114.0815

8 0
4 years ago
On December 31, 2014, Extreme Fitness has adjusted balances of $800,000 in Accounts Receivable and $55,000 in Allowance for Doub
Alona [7]

Answer:

$745,000

Explanation:

The computation of the net account receivable is shown below:

The net account receivable is

= Adjusted balance of account receivable  - allowance for doubtful debts

= $800,000 - $55,000

= $745,000

We simply deduct the allowance for doubtful debts from the adjusted balance of account receivable so that the net account receivable could come

6 0
4 years ago
An engineering graduate plans to buy a home. She has been advised that her monthly house and property tax payment should not exc
dimaraw [331]

Answer:

$83,107.20

Explanation:

Amount available for monthly house payment = [$ 2000 * 35% ] - $ 150

= $700 - $150

= $550

Effective rate per month = 6.95% / 12 months = 0.00579 = 0.579%

No of periods = 30 years * 12 months = 360 months

Present Value = Amount available for monthly house payments * [P/A,0.579%,360]

[P/A,0.579%,360] =[(1 + i)^n - 1] / [( 1 + i)^n * I]= [(1 + 0.00579)^360 - 1] / [( 1 + 0.00579)^360 * 0.00579]

P/A,0.579%,360 = [7.99158 - 1] / [ 7.99158 * 0.00579]

P/A,0.579%,360 = 6.99158 / 0.04627

P/A,0.579%,360 = 151.104

Present Value = Amount available for monthly house payments * [P/A,0.579%,360]

Present Value = $550 * 151.104

Present Value = $83,107.20

Thus, the max amount she can par for the house is $83,107.20

6 0
3 years ago
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