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MArishka [77]
3 years ago
5

The Appleton entity established a $200 Petty Cash fund on June 1, 200X. On June 30, 200X the fund had $45 in cash and the follow

ing receipts: Delivery Expense $75, Office Supplies Expense $55, and Postage Expense $25. The entry to establish the fund on June 1, 200X is A. DR Petty Cash 200; CR Cash 200 B. DR Cash 200; CR Petty Cash 200 C. DR Petty Cash 155; CR Cash 155 D. DR Cash 155; CR Petty Cash 155
Business
1 answer:
Rashid [163]3 years ago
4 0

Answer:

A. DR Petty Cash 200; CR Cash 200

Explanation:

We are asked for the entry on June 1st to stablish the petty cash fund.

The data on June 30th is irrelevant for this question.

We will only work with the information of june 1st

The ptty cash, will be an asset account. To crease an asset account we will debit it.

On credit side, we need to show how is this asset generated. In this case, with another asset, cash. Cash will be credited to show that 200 cash from the main account has been moved into the petty fund

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In March 2017, Amazon and Clorox reported nearly identical earnings per share, but the stock price of Amazon was more than six t
adoni [48]

Answer:

c. investors see better long-term prospects for Amazon

Explanation:

As we know that Amazon has the more customer base in the market due to which the shareholder predicted the expected profit in upcoming years. The company could run in long run. Even the ompany suffered huge losses due to discount provided but the investors are ready to invest in this company as they seen there is a better and long term prospects

Therefore according to the given situation, the option c is correct

3 0
3 years ago
Assume the following adjustment data.
Lunna [17]

Answer:

                                    Adjusting Entries

      Date    Accounts titles and Explanation     Debit   Credit

1.                  Supplies expense                            $500

                           Supplies expense                                  $500

2.                  Insurance expense                          $300

                              Prepaid Insurance                                $300

3.                   Depreciation expense                     $ 70

                                Accumulated depreciation                 $70

                                 - equipment

4.                    Unearned service revenue             $500

                                   Service revenue                                $500

5.                     Accounts receivable                      $200

                                   Service revenue                                $200

6.                      Interest expense                            $90                            

                                   Interest payable                                  $90

7.                      Salaries and wages expense        $1,700

                                   Salaries and wages payable               $1,700

8 0
3 years ago
Strategic planning (select all that apply):
Afina-wow [57]

Answer:

C. requires visionary and directional thinking

Explanation:

Strategic planning: This planning applies to the long-term planning regarding available resources, costs and time that helps to achieve an organization's goals and objectives efficiently and effectively by considering  the strategic vision, and strategic mission of the company

It also deals with the long term decisions that help the organization in a better way with respect to the better returns in terms of profit

8 0
3 years ago
Nadine is retiring today at age 66 and expects to live to age 82. She has $136,000 in her retirement savings account. She is som
Natali [406]

Answer:

$1,103.56

Explanation:

In this question, we use the PMT formula that is shown in the attachment. Kindly find it below:

Provided that

NPER = (82 - 66) × 12 = 192

Present value = $136,000

Future value = $0

Rate of interest = 6% ÷ 12  months = 0.5%

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,103.56

6 0
3 years ago
A teenage driver crashes her​ parents' minivan into an office​ building, causing​ $85,000 in damage to the building. The automob
bulgar [2K]

Answer:

The driver will pay $10,000, because the insurance company can pay max $75,000 as regulated in term "insurance limit 100/250/75"

Explanation:

the insurance limit 100/250/75 coverage, which translates into $100,000 coverage per person for bodily injury, including death, that you cause to others; $250,000 in  bodily injury per accident; and property damage up to $75,000.

7 0
3 years ago
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