Cash register tape for leprechaun industries

Assignment Help Accounting Basics
Reference no: EM13124189

The cash register tape for Leprechaun Industries reported sales of $7,783.12. Record the journal entry that would be necessary for each of the following situations: (a) Cash to be accounted for exceeds cash on hand by $52.60. (b) Cash on hand exceeds cash to be accounted for by $30.30. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)

Reference no: EM13124189

Questions Cloud

Prove that any two universal initial objects in a category : Prove that any two universal (initial) objects in a category C are equivalent. Prove that any two couniversal (terminal) objects in a category C are equivalent.
Calculate the temperature : The normal boiling point of ether is 307.8 K. Calculate the temperature at which its vapor pressure is exactly half of that at its normal boiling point.
What researcher do to decrease width of confidence interval : From these statistics she calculates a 90% confidence interval of [20.9 grams, 25.1 grams]. What can the researcher do to decrease the width of the confidence interval?
Use linear equation to fit given data : Find the slope of the line shown and interpret the slope as a rate of change given the following information. I am supposed to present this in business terms using Exxon Mobile as the example and using the mathematical concept of slope and rate of..
Cash register tape for leprechaun industries : The cash register tape for Leprechaun Industries reported sales of $7,783.12. Record the journal entry that would be necessary for each of the following situations: (a) Cash to be accounted for exceeds cash on hand by $52.60.
What is the molar mass of (nh4)2so4 : A solution is made by dissolving 26.44 g of (NH4)2SO4 in enough H2O to make 50.75 mL of solution.What is the molar mass of (NH4)2SO4?
Tropical pools sells an aboveground model for p dollars : Demand for pools. Tropical Pools sells an aboveground model for p dollars each. The monthly revenue for this model is given by the formula R(p)=0.08p2 +300p.
Total production will increase at a diminishing rate : The present value of the gain from employing the new factory must be less or equal to $50 million and the rate of return from the new factory must be greater than 7%.
Compute interval for true mean delivery time : Suppose the population standard deviation is 0.3 minutes and the sample mean is 9.975. A 90-percent confidence interval for the true mean delivery time is?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Conditions for cash dividend payment

Why must preferred stock dividends be subtracted from net income in computing earnings per share? Why is common stock usually not issued at a price that is less than par value?

  Ifrs and accounting consensus

Write a 1-2 page research summary on the document below authored by Sunder. Focus your paper on Sunder's five key elements of consensus for common accounting standards for multinationals.

  What are the implications of bps strategy

What are the implications of BP's strategy in terms of public perception and how may this impact upon their performance?

  Prepare a schedule of cash collections

Prepare a schedule of cash collections for January, February, and March and for the quarter in total, Prepare a production budget for January, February, and March and for the quarter in total.

  Consolidated cash flow statement

Aceton Corporation owns 80 percent of the outstanding stock of Voctax, Inc. During the current year, Voctax made $140,000 in sales to Aceton. How does this transfer affect the consolidated statement of cash flows?

  Prepare a 2011 statement of stockholders equity

The Cleaning Authority provides janitorial services for commercial customers. On December 31, 2010, the credit balance of the Common Stock and Retained Earnings accounts were $12,000 and $5,500, respectively. During 2011, the company issued $4,200..

  Economics question on rate of return

Swagelok Enterprises is manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one product line were given below:

  Trade controls-tariffs-subsidies

Describe the following trade controls: Tariffs, subsidies, and quotas. How do these trade controls affect relationship of trading partners and what is their value in international business.

  Benefits of organized securities exchanges

What major benefits do corporations and investors enjoy due to the existence of organized security exchanges?

  Do service sector or merchandising sector make choices

The main trouble with variable costing is that it ignores the increasing importance of fixed costs in manufacturing companies. Do you agree? Why?

  Risk and return-bond income-capital gain

John Haven purchased a bond for $9,500. The bond pays $300 interest every six months. If John decides to sell the bond after 18 months for $10,000 what would be his:

  Prepare the necessary entries from

Stock Options, Prepare the necessary entries from 1/1/10-2/1/12 for the following events using the fair value method. If no entry is needed, write "No Entry Necessary."

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd