Business, 29.10.2019 01:31 anitadefrances
Havermill co. establishes a $420 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $90 for office supplies, $171 for merchandise inventory, and $39 for miscellaneous expenses. the fund has a balance of $120. on october 1, the accountant determines that the fund should be increased by $84. the journal entry to record the establishment of the fund on september 1 is:
debit cash $420; credit petty cash $420
. debit petty cash $420; credit accounts payable $420.
debit miscellaneous expense $420; credit cash $420
. debit petty cash $420; credit cash $420
. debit cash $420; credit accounts payable $420.
Answers: 3
Business, 22.06.2019 20:50, lopez5628
Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold
Answers: 2
Havermill co. establishes a $420 petty cash fund on september 1. on september 30, the fund is replen...
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