A petty cash fund was established with a $150 balance. It currently has cash of $25 and petty cash tickets as follows: Office expense $120 and Entertainment Expense $20. Which of the following would be included in the journal entry to replenish the Petty Cash fund?
A. debit to Cash Short & Over for $10B. credit to Cash Short & Over for $15
C. credit to Cash Short & Over for $10
D. debit to Cash Short & Over for $15
Answers: 3
Business, 23.06.2019 01:00, jerzie53
Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,000 from hopkins. on july 10, the entry or entries gideon makes to record the recovery of the bad debt is
Answers: 1
Business, 23.06.2019 13:10, wendelljo61
Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups. b) abandon the idea of vertical integration entirely. c) pursue taper integration. d) introduce a budget line of guitars to diversify the firm's offerings.
Answers: 1
A petty cash fund was established with a $150 balance. It currently has cash of $25 and petty cash t...
History, 30.11.2020 21:10
Mathematics, 30.11.2020 21:10