Carolyn keene, inc. decided to establish a petty cash fund to ensure internal control over its small cash expenditures. the following information is available for the month of april.

1. on april 1, it established a petty cash fund in the amount of $342.

2. a summary of the petty cash expenditures made by the petty cash custodian as of april 10 is as follows;
delivery charges paid on merchandise purchased $72
supplies purchased and used $37
postage expense $52
i. o.u. from employees $29
miscellaneous expense $48
the petty cash fund was replenished on april 10. the balance in the fund was $93.

3. the petty cash fund balance was increased by $112 to $454 on april 20.

required:
prepare the journal entries to record transactions related to petty cash for the month of april.

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.