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Aleonysh [2.5K]
3 years ago
9

During October, Carla Vista Company experiences the following transactions in establishing a petty cash fund.

Business
1 answer:
ahrayia [7]3 years ago
7 0

Answer:

October 1

Dr. Petty Cash      $146

Cr. Cash                $146

October 31

Dr. Supplies                      $24.77

Dr. Miscellaneous items  $15.07

Dr. Postage                       $38.37

Dr. Freight-Out                  $5.47

Dr.  Cash Shortage           $1.29

Cr. Cash (146-59-2.03)     $84.97

Tot reimburse Petty cash Expense

Dr. Petty Cash      $50

Cr. Cash at bank  $50

(196-146 = 50)

Explanation:

A petty cash is a small amount of money disbursed by an organisation for expenditures. This expenditures are usually day to day expenses such as postages, stationaries, office supplies and so on. From time to time, there may be cash shortages or the cash may be over for various reasons.

Supplies, Miscellaneous items, Postage, and Freight are all expenses account due to their debit nature it is debited to record all these expenses and Cash net of petty cash balance and actual cash available is credited to decrease the balance of the cash used for expenses. Ne of these entries is cash excess or shortage.

Cash issued for petty cash is recorded as debit in petty cash account and credit the cash at bank to record the effect of this transfer.

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Answer:

Low tax collection, low working population

Explanation:

Brain drain is a condition where a country loses its population through migration. Generally, this happens with the low developing countries, because people try to search for jobs in developed countries. Canada will lose tax revenue collection and low working population as a result of the brain drain. Government is the most important stakeholder which will be affected by brain drain apart from that; hospitals and industrial units will be affected by the brain drain.

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A recent study found that the death rate for people who sleep 6 to 7 hours per night is lower than the death rate for people who
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Type of employment, indicator for chronic illness, drug, or alcohol use these variables are likely useful to add to the regression to control for important omitted variables.

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As a result, option (a) Type of employment. (b) Indicator for chronic illness. (c) Drug or alcohol use is correct.

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2 years ago
Should be subtracted from the sales price per unit to compute the unit contribution margin.
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When the price of football tickets increases, the substitution effect decreases the number of tickets bought from?
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