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Wewaii [24]
3 years ago
6

Petty Cash Fund Entries Journalize the entries to record the following: Check is issued to establish a petty cash fund of $1,200

. The amount of cash in the petty cash fund is now $396. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $466; miscellaneous selling expense, $193; miscellaneous administrative expense, $121. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $1,200, record the discrepancy in the cash short and over account.) a. Journalize the entry to establish the petty cash fund. fill in the blank a41770059faa020_2 fill in the blank a41770059faa020_4 b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank. fill in the blank e53a56fc003ffc3_2 fill in the blank e53a56fc003ffc3_3 fill in the blank e53a56fc003ffc3_5 fill in the blank e53a56fc003ffc3_6 fill in the blank e53a56fc003ffc3_8 fill in the blank e53a56fc003ffc3_9 fill in the blank e53a56fc003ffc3_11 fill in the blank e53a56fc003ffc3_12 fill in the blank e53a56fc003ffc3_14 fill in the blank e53a56fc003ffc3_15 Check My Work
Business
1 answer:
Andre45 [30]3 years ago
7 0

Answer:

Dr Petty cash fund 1,200

    Cr Cash 1,200

Dr Office supplies expenses 466

Dr Miscellaneous selling expenses 193

Dr Miscellaneous administrative expenses 121

Dr Cash short and over 24

    Cr Petty cash fund 804

Dr Petty cash fund 804

    Cr Cash 804

the balance in the petty cash fund is $1,2000 again

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On January 1, 2020, Piper Corp. purchased 40% of the voting common stock for of Betz, Inc. for $2,000,000 and appropriately acco
Neko [114]

Answer:

$57,600

Explanation:

The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-

Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)

= ($720,000 - $240,000) × 40%

= $480,000 × 40%

= $192,000

Now, the rise in Piper's deferred income tax liability for this temporary difference is

Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate

= $192,000 × 30%

= $57,600

6 0
3 years ago
Relationship-enhancing attributions involve which of the following factors?
Blizzard [7]

Relationship-enhancing attributions involve Giving credit for positive actions and excusing transgressions.

Explanation:

Relationship-enhancing features happen when people place greater responsibility for the positive behavior on their relationships and less responsibility for the negative behavior of their partners.

If your partner brought you flowers, that's because he's sweet and sweet. But that's because he's caught in the traffic (something he wouldn't control when he's slow for a date).

In special relationship research, attributions are frequently divided into two classifications: attributions that "improve relationship" and attributions that "maintain distress" (Bradbury & Fincham, 1990), respectively.

7 0
3 years ago
Thrice Corp. uses no debt. The weighted average cost of capital is 8.4 percent. If the current market value of the equity is $16
In-s [12.5K]

Answer:

$1,369,200

Explanation:

Calculation for EBIT

Using this formula

Value of Equity= EBIT / WACC

Let plug in the formula

$16,300,000 = EBIT / .084

EBIT = .084($16,300,000)

EBIT = $1,369,200

Therefore EBIT is $1,369,200

3 0
3 years ago
Why must we always boil our drinking water during and after a cyclone has passed ​
navik [9.2K]

Answer:

Sometimes following a disaster, a boil water alert is issued for areas connected to mains scheme water because the mains water may be unsafe to drink or cook with.

If a boil water alert has been issued, it is essential you follow this warning to prevent illness.

To prepare water for drinking and food preparation, you should heat the water to a rolling boil for at least 1 minute using a stove or kettle and then allow it to cool. This will help to kill any bacteria.

Be sure to keep children clear from any boiling water until the water has cooled down to room temperature.

Once it has cooled it should be placed in the fridge in a clean container with a lid.

Under no circumstances should you drink or cook with water that has not been boiled until the alert is lifted.

Alternatively you can use bottled water.

HOPE THIS HELPS !

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4 0
3 years ago
Suppose the reserve requirement is 5​%. What is the effect on total checkable deposits in the economy if bank reserves increase
madam [21]

Answer:

D. ​$1 comma 000 billion increase

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The reserve requirement ratio determines the total amount of checkable deposits a bank must keep.

In this case the reserve ratio it's 5%, which means that the total amount of deposits cannot exceed an amount equal to 20 times its reserves.  

If the reserves increase by $50 billion then $50/0,05 = 1.000 billion increase.

5 0
3 years ago
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