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ratelena [41]
3 years ago
6

Havermill Co. establishes a $410 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

pts on that date represent $89 for Office Supplies, $169 for merchandise inventory, and $38 for miscellaneous expenses. The fund has a balance of $114. On October 1, the accountant determines that the fund should be increased by $82. The journal entry to record the establishment of the fund on September 1 is:
Business
1 answer:
Amanda [17]3 years ago
4 0

Answer and Explanation:

The journal entry for establishing the fund as on September 1 is shown below:

On September 1

Petty cash Dr $410

     To cash $410

(Being establishment of fund is recorded)

Here petty cash is debited as it increased the asset and credited the cash as it decreased the asset

Therefore the same is to be considered

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Answer and Explanation:

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In any given economy, the quantity Theory of money states that money supply and price level are directly proportional. This is to say that when there is a change such as an increase in money supply, there would also be a proportional increase in price Ievel. Also when there is an increase in price level, there would also be a proportional increase in money supply.

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The __________ provides the same results as a check because it withdraws funds from a checking account.
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Option B: Debit card

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During this stage of résumé review, employers use the résumé to guide interview questions
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Though the question is little incomplete, I would try to answer assuming about the interview phases especially this resume review.

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D

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