1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slamgirl [31]
3 years ago
15

QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $280. At the end of the current period, the fun

d contained $198 and had the following receipts: entertainment, $50; postage, $24; and printing, $8. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.
Business
1 answer:
olga_2 [115]3 years ago
4 0

Answer:

1a

Dr Petty cash $ 280

Cr Cash $ 280

1b

Dr Entertainment $ 50

Dr Postage $ 24

Dr Printing $ 8

Cr Cash $ 82

Explanation:

Journal entry

1a

Dr Petty cash $ 280

Cr Cash $ 280

( To record petty cash fund created)

1b

Dr Entertainment $ 50

Dr Postage $ 24

Dr Printing $ 8

Cr Cash $ 82

(50+24+8)

(To Record Petty cash replenished)

You might be interested in
Which of the following is consistent with moving from a surplus to equilibrium in the market for foreign-currency exchange?
Vladimir79 [104]

Answer:

D

Explanation:

Foreign exchange rate is the rate at which one currency is exchanged for another currency.

If there is a surplus in the market for foreign-currency exchange, it means that the supply of foreign currency exceeds the demand. This would lead to the exchange rate appreciating and the domestic goods been more expensive.

If the foreign currency is moving from a surplus to equilibrium, it means that the supply is falling and is almost equal to demand. This would lead to a depreciation of the exchange rate and domestic good would become less expensive

8 0
3 years ago
If a rooster lays a egg at the top of a tilting roof which way does the egg go ?​
DochEvi [55]

Answer:

It would go down the roof and off the edge (eventually), since the roof is tilted.

3 0
4 years ago
Read 2 more answers
The managerial task of ______ involves establishing task and authority relationships.
andrezito [222]

Answer:

Organizing

Explanation:

Organizing is the most important role in any organization as it defines that the work is distributed among employees so that the target can be achieved timely. Also during the organizing process the supervisor coordinates with their employees.

Therefore the correct answer is organizing as it includes the task which has been created and authority relationship.

4 0
3 years ago
To minimize the temptation for managers to act in their own self-interest, governance mechanisms exist for implementation consid
soldier1979 [14.2K]

Answer:

A board of directors that act in the best interests of the shareholders to create long term value.

Explanation:

Sarbane oxley acts is a law law that was created to protect the interest of every shareholder . One of its requirement is a good composition of the board of directors considering their skills and independent requirement. It also emphasize the need for strong compliance with ethical standard in the interest of the shareholders.

Therefore , one of the key responsibilities of the board of directors is to act in the best interests of shareholders to create long term values. By so doing , managerial behavior will be monitored for compliance to ethical standard

3 0
3 years ago
Teams comprised of people from various disciplines are a primary component of ________, which involves product and process desig
nikitadnepr [17]

The answer in the space provided is concurrent engineering. It is because concurrent engineering is the one responsible of having to lead improvement in regards of the organization or company’s reduced cost or its productivity in which is helpful and could brought it for their own benefit.

8 0
3 years ago
Other questions:
  • Jallouk Corporation has two different bonds currently outstanding. Bond M has a face value of $30,000 and matures in 20 years. T
    8·1 answer
  • Which of the following is a good rule to follow when using business cards
    14·1 answer
  • The forces that make up the external marketing environment of a firm
    7·2 answers
  • Define project cost terms and tell how each is used in estimating project cost. Compare and contrast analogous, parametric, and
    11·1 answer
  • If the adjustment for accrued expenses is not recorded a.net income will be understated. b.revenues will be understated. c.net i
    8·2 answers
  • Ibuddy CEO Dave Taylor thinks that price skimming would be the best pricing strategy when launching the product. The marketing m
    8·1 answer
  • Why must a cash book always shows a debit balance ​
    15·2 answers
  • Barney, age 61, has taken full advantage of the tax law and fully deducted each year's contributions to his traditional IRA for
    13·1 answer
  • Today's most successful companies are including _____ directly in the product and service development process.
    7·1 answer
  • 52. With respect to the bank reconciliation which is correct?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!