Answer: My answer is in the photo below. Hope it helps.
Answer:
A petty cash fund is created by debiting the petty cash account and credited to the cash account
The expenses made is debited to the respective expenses account and then credited to the cash account
Explanation:
petty cash = $470
Expenditures made by employees :
supplies = $139
Fuel for deliveries = $123
postage = $76
Miscellaneous = $40
NOTE : A petty cash fund is created by debiting the petty cash account and credited to the cash account
The expenses made is debited to the respective expenses account and then credited to the cash account
ATTACHED IS THE JOURNAL ENTRY
Answer:
Cause marketing
Explanation:
In the cause marketing, the company advertises itself by the use of corporate social responsibility. By doing so the company creates its positive picture in the society which helps in promoting its products.
Since the policy with the coinsurance has a <span>coinsurance value of 20%, then, Georgia will be required to pay 20% from the price of the bill.
Since the bill is for 4000$, then the amount to be paid can be calculated as follows:
required payment = (20 / 100) x 4000 = 0.2 x 4000 = 800$</span>