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ankoles [38]
3 years ago
5

Havermill co. establishes a $470 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated recei

pts on that date represent $95 for office supplies, $181 for merchandise inventory, and $44 for miscellaneous expenses. the fund has a balance of $150. on october 1, the accountant determines that the fund should be increased by $94. the journal entry to record the establishment of the fund on september 1 is:
Business
1 answer:
sammy [17]3 years ago
3 0

Answer:

The journal entry to record the establishment of the fund on september 1 is:

  1 September                Petty Cash        $ 470 Dr.

                                                  Cash                  $ 470 Cr.

   31st September               Office supplies, $95 Dr.

                                          Merchandise inventory, $ 181 Dr.

                                        Miscellaneous expenses $ 44 Dr.

                                                        Cash                                            $320 Cr.

To reimburse Petty Cash

The journal entry to reimburse and to increase the fund are same .

October 1                   Petty Cash       $ 94

                                            Cash                      $ 94

To increase the Petty Cash by $ 94

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Identification influence
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3 years ago
Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent ea
kondaur [170]
1. 30000 x 5% = 1500.
2. 30000 - 1500 (because it has depreciated) = 28500.

So, the Accumulated depreciation account after the first year would be $28,500 (D).


I hope it helped you!
3 0
4 years ago
Read 2 more answers
Andy tells Ervin and Marina that everyone will lose their jobs if the company goes out of business, whether they have guild prot
Lelechka [254]

Answer:

Pressure

Explanation:

Influence Tactic are ways a leader tries to influence people working with him to do a particular task or improve performance.

Among the influence tactics available, the influence tactic that Andy is most likely utilizing when he says that everyone would lose their jobs if the company goes out of business, regardless of guild protection is Pressure.

Pressure as an influence tactic tries to influence people through the use of threats, demands, or intimidation to get them to agree with a request.

6 0
3 years ago
Garcia Co. owns equipment that cost $84,400, with accumulated depreciation of $44,600. Garcia sells the equipment for cash.
user100 [1]

Answer:

a.

Accumulated depreciation                   44600 Dr

Cash                                                         52700 Dr

                 Equipment                                 84400 Cr

                 Gain on disposal                       12900 Cr

b.

Accumulated depreciation                   44600 Dr

Cash                                                         39800 Dr

                 Equipment                                 84400 Cr

c.

Accumulated depreciation                   44600 Dr

Cash                                                         34700 Dr

Loss on disposal                                     5100 Dr

                 Equipment                                 84400 Cr

Explanation:

First we need to determine the net book value of the equipment at the time of sale. The net book value is the net value after deducting accumulated depreciation from the cost of the asset.

Net Book value = Cost - Accumulated depreciation

Net Book Value = 84400 - 44600     = $39800

  • If the asset is sold for more than its net book value, there is gain on disposal.
  • If it is sold for exactly its net book value, there is no gain or no loss on disposal.
  • If it is sold for less than its net book value, there is loss on disposal.

a.

Gain on disposal = 52700 - 39800   = $12900

b.

No gain or no loss as Net Book Value of the asset equals the amount of cash it is sold for.

c.

Loss on disposal = 34700 - 39800   =  - $5100

6 0
3 years ago
To sell to Joann, you need to appeal to her ego. She'd rather hear that your new product will make people notice her as an innov
Rom4ik [11]

Answer:

The answer is B. Expressive social style.

Explanation:

From the details given about Joann, the  characteristics she portrays shows her as an individual with an expressives social style.

Individuals with expressive social styles prefer seeks personal approval and more willing to make their feelings known to others. The expressives  are characterized by high assertiveness and high responsiveness.    

3 0
3 years ago
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