User Account

All Pages

Discuss the petty cash box contained vouchers

Assignment Help Accounting Basics
Reference no: EM131807751

On April 1, 2016, Alpha Company set up a petty cash fund with a balance of $400. At the end of the month, the petty cash box contained vouchers of $75 for postage, $150 for supplies, $60 for gasoline, and cash on hand of $125. On April 30, 2016, the petty cash fund was replenished. Use this information to prepare the General Journal entries (without explanation) for April 1 and April 30 (compound entry). If no entry is required then write "No Entry Required."

Reference no: EM131807751

Questions Cloud

What was the companys 2016 net income : During the fiscal year ended 2016, a company. What was the company's 2016 net income?
What is the effective interest rate : A thousand dollars is invested for 7 months at an interest rate of 1% per month. What is the nominal interest rate? What is the effective interest rate?
What is the effective interest rate : A firm charges its credit customers 13/4% interest per month. What is the effective interest rate?
What happens to the aggregate demand curve : What happens to the aggregate demand curve - What happens to the level of output and the price level in the short run - What happens to the level of output
Discuss the petty cash box contained vouchers : At the end of the month, the petty cash box contained vouchers of $75 for postage
Journalize the entry to record the transaction on june 30 : For a compound transaction, if an amount box does not require an entry, leave it blank. Journalize the entry to record the transaction on June 30.
What is the effective annual interest rate : If the nominal annual interest rate is 12% compounded quarterly, what is the effective annual interest rate?
Determine why companies comeuppance was deserved : Provide example of companies that have been guilty of ethics-based malfeasance related to financial management and determine why their comeuppance was deserved.
What is the effective interest rate : A local store charges 11/2% each month on the unpaid balance for its charge account. What nominal annual interest rate is being charged?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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