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3 years ago

A company set up a petty cash fund with $800. The disbursements are as follows:

Business

1 answer:

Aleonysh [2.5K]3 years ago

7 0

Answer: 1. B. Petty Cash

2. D. Petty Cash

3. D. Debit petty cash and credit cash

Explanation:

1. When creating the Petty Cash fund, Cash is credited because money is being removed from it. It is then put into the Petty Cash account hence a debit.

2. When taking money from Petty Cash, it is an asset and so is credited to reflect the outflow.

3. Similar to the transaction in question 1. You are taking money from cash account to.put in Petty Cash so the right procedure is to debit Petty Cash and credit Cash.

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Your employer must offer (at no cost to you) a vaccine against ___________ if your job _____________.'

Scilla [17]

Answer:

hepatitis B; puts you at risk for exposure to bloodborne pathogens

Explanation:

Work practice controls involves all the steps taken in order to decrease the likelihood of getting exposed to any disease or viruses in the workplace. These steps include heath hygiene in vaccinations that are intended to protect the human resources. Hygiene management helps the employers to maintain their health during their workhours.

In jobs where the employees are exposed to the bloodborne pathogens, it is the responsibility of the employer to vaccinate the employee against hepatitis B.

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3 years ago

On January 15, the end of the first biweekly pay period of the year, North Company’s payroll register showed that its employees

mojhsa [17]

Answer:

Cr. FICA- Social security taxes payable: 2,480

Cr. FICA- Medicare taxes payable: 508

Cr. fed. inc. taxes payable: 2,000

Cr. Employment medical insurance payable: 1,108

Cr. Employee union dues payable: 240

Cr. Salaries Payable: 33,664

Explanation:

Journal entry

Dr. Sales salaries expense: 40,000

Cr. FICA- Social security taxes payable: (40,000×6.2%) 2,480

Cr. FICA- Medicare taxes payable: (40,000×1.45%) 508

Cr. fed. inc. taxes payable: 2,000

Cr. Employment medical insurance payable: 1,108

Cr. Employee union dues payable: 240

Cr. Salaries Payable: 33,664

Salaries Payable

2,480+508+2,000+1,108+240=6,336

40,000-6,336= 33,664

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3 years ago

If the Sampson Company, a supplier of wood, understands the needs and requirements for wood for a few firms within a NAICS class

Helen [10]

Answer:

The answer is "Option c".

Explanation:

The customer service must matter arising' needs to fulfill everyone. The Sampson Company, a timber manufacturer, understands the wood specifications or conditions for several firms within the NAICS category. Within this case, the Dunn Company will develop the timber specifications or criteria of all firms underclass.

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3 years ago

Professional skepticism related to detecting possible fraud involves the validation of information through probing questions. cr

Gnom [1K]

Answer:

True

Explanation:

Professional skepticism is an examining mindset which makes you conscious of the situations that may suggest possible error or scam as well as a critical evaluation of audit facts.

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3 years ago

What does it mean to do time analysis which is one of the principles referred to ?

Whitepunk [10]

Data Analysis - Process. Data Analysis is a process of collecting, transforming, cleaning, and modeling data with the goal of discovering the required information. The results so obtained are communicated, suggesting conclusions, and supporting decision-making.

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3 years ago