Palmona Co. establishes a $150 petty cash fund on January 1. On January 8, the fund shows $61 in cash along with receipts for the following expenditures: postage, $35; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $24. Palmona uses the perpetual system in accounting for merchandise inventory. Required:
a. Prepare journal entries to establish the fund on January 1.
b. Prepare journal entry to reimburse the petty cash fund on January 8.
c. Prepare journal entries to both reimburse the fund and increase it to $450 on January 8.

Which of the following results from outsourcing jobs from the united states to other countries? a. increasing exports out the united states. b. lower wages for u. s. workers. c. reduced immigration to the united states. d. subsidies for goods made in the united states. 2b2t

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500