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Anni [7]
3 years ago
8

You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.

Business
1 answer:
MAVERICK [17]3 years ago
6 0

Answer:

4852.80

Explanation:

1800×10.6%= 190.80 / year

190.80 × 16 years = 3052.80

3052.80 + 1800=

4852.80

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                           Particulars              Debit              Credit                                                    

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Sometimes a petty cashier fails to get a receipt for a payment or over pays for the amount due. When this occurs and the fund is later reimbursed the petty cash payments report plus  the cash remaining will not total to the fund balance . This mistake causes the fund to be short. This shortage is recorded as an expense in the reimbursing entry with a debit to Cash Short​ & Over .

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