Answer:
Explanation:
The journal entries are shown below:
1. Petty cash A/c Dr $264.2
To Cash A/c $264.2
(Being petty cash fund established)
2. Freight - in expense A/c Dr $75
Supplies expense A/c Dr $40
Postage expense A/c Dr $48
Loan to employees A/c Dr $32
Miscellaneous expense A/c Dr $51
Cash over and short A/c Dr $2.9
To Cash A/c Dr $248.9 ($264.2 - $15.3)
(Being disbursement of cash recorded)
3. Petty Cash A/c Dr $115
To Cash A/c $115
(Being increase in petty cash recorded)
Answer: It is called An EXCULPATORY CLAUSE
Explanation: A deficiency judgment is a court ruling against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the outstanding debt in full.
In waiving the right to a deficiency judgement, AN EXCULPATORY CLAUSE is inserted in the financial contract which states that the borrower no longer has a financial liability. It relieves the borrower the personal liability to repay the loan.
A. Natasha has been billed correctly for her purchase of standard shipping.
To determine if Natasha has been billed correctly for her purchase, you need to review the details of the purchase.
First, you need to confirm the cost of the items purchased. This can be done by looking at the itemized list of purchases on the receipt.
Next, you need to confirm the cost of shipping. If Natasha selected standard shipping, then the cost will be listed on the receipt.
Finally, you need to compare the cost of the items purchased and the cost of shipping to the total amount billed to Natasha's credit card. If the total cost of items and shipping matches the total amount billed to Natasha's credit card, then Natasha has been billed correctly.
In this case, since the total cost of items and shipping matches the total amount billed to Natasha's credit card ($91.08), Natasha has been billed correctly. Therefore, the answer is A. Natasha has been billed correctly.
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Answer:
the financing cash flows is -$30,000
Explanation:
The computation of the financing cash flows is shown below;
Financing cash flows = Balance of Cash at the end of the year - (balance of cash at the beginning of the year + operating cash flow + investing cash flow)
= $140,000 - ($120,000 + $90,000 - $40,000)
= -$30,000
Hence, the financing cash flows is -$30,000
The same is to be considered
