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
Ira Lisetskai [31]
3 years ago
13

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund wa

s last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4 Freight charge for merchandise purchased $ 62 December 7 Delivery charge for shipping to customer $ 46 December 12 Purchase of office supplies $ 30 December 18 Donation to charitable organization $ 51 If, in addition to these receipts, the petty cash fund contains $201 of cash, the journal entry to reimburse the fund on December 31 will include:
Business
1 answer:
Sergio [31]3 years ago
7 0

Answer:

A credit to Cash of $299

Explanation:

Journal Entry                     Debit    Credit

Merchandise inventory      $62

Delivery charges                 $46

Office supplies                    $30

Miscellaneous expenses    $51

Cash over and short             $100

Cash                                                   $299

Cash to be reimbursed = Minimum cash balance required - Cash balance left

Cash to be reimbursed = $500 - $201

Cash to be reimbursed = $299

You might be interested in
The Freedom of Information Act is designed to
kiruha [24]

Answer:<u><em>Option (b) is correct.</em></u>

Explanation: Freedom of Information Act customarily provides that any individual has the freedom to application access to governmental agency transcript or information except to an amplitude the transcript are protected from acknowledgment by nine exemptions encompass

ed in the law. Most of these documents are redacted.

4 0
3 years ago
A decade after world war i ended, a significant event occurred that caused consumer sales resistance, corporate budget cutting a
natta225 [31]
The Great Depression
6 0
3 years ago
In which situation would you need to compromise to avoid stress and conflict?
Marianna [84]
Add the selections so I can answer.

6 0
3 years ago
Based on the following information, what is the Order Point? Lead Time = 3 Weeks Demand/Week = 200 Units Safety Stock = 1 Weeks’
4vir4ik [10]
I don't know by what you meant
4 0
3 years ago
You are selling a product on commission, at the rate of $1,000 per sale. To date, you have spent $800 promoting a particular pro
Vesnalui [34]

Answer:

Either you quit trying and lose $800 sunk, or you spend $800 for $1,600 total in which the Net from the sale of $1,000 would results in a loss of $600. That means it will be of good to lose $600 than $800.

Explanation:

Since $800 has been spent which means Spending up to an additional $1,000 is still reasonable, but a condition in which you know that the deal will definitely go through.

Secondly since you have already sunk $800, and you know that spending an additional $800 would guarantee it, you can do one among this two options which are either you stop trying and lose the $800 sunk, or you the spend $800 for $1,600($1,000+$600) total in which the Net from the sale of $1,000 would results in a loss of $600($1,000-$800=200,$800-$200=$600). That means it will be of good to lose $600 than $800.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Budgeted variable overhead for the year is $150,000. Expected activity is 30,000 standard direct labor hours. The actual hours w
    7·1 answer
  • You are new. your supervisor is giving you lots of instructions for where to find information you will need to do your job. she
    8·2 answers
  • What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card?
    14·1 answer
  • The company purchases equipment with cash - The Equity account does the following:
    5·1 answer
  • Many store brands use packaging and labeling that is similar to the more expensive national brand. The hope is that the look-ali
    10·1 answer
  • According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?
    14·2 answers
  • Reporting Stockholders' Equity
    10·1 answer
  • Which of the following lies primarily within the realm of macroeconomics? a study of the demand for gasoline a study of how tax
    14·1 answer
  • Ellen Carson’s sales for 5 months were $26,908, $28,386, $28,730, $27,290, and $29,009. What must be her sales next month if she
    12·1 answer
  • Discord? anyone? 0_0'
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!