Business, 21.10.2020 16:01 leannaadrian
A $135 petty cash fund has cash of $18 and receipts of $120. The journal entry to replenish the account would include a:
a. credit to Petty Cash for $120
b. credit to Cash for $102
c. debit to Cash for $120
d. credit to Cash Short and Over for $3
Answers: 2
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Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr
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mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?
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Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na
Answers: 1
A $135 petty cash fund has cash of $18 and receipts of $120. The journal entry to replenish the acco...
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