The petty cash fund of the brooks agency is established at $220. at the end of the current period, the fund contained $120 and had the following receipts: entertainment, $55; postage, $16; and printing, $29. prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.