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Genesis Company designated Alex Kidd as petty cash custodian and established a petty cash fund of $200. The fund is reimbursed when the cash in the fund is at $17. Petty cash receipts indicate funds were disbursed for office supplies $94 and miscellaneous expenses $87. Prepare journal entries for the establishment of the fund and the reimbursement.
assume that apple has received a special order from a retailer for 1000 specially outfitted imacs. this is a one-time
When considering the impact of the information age on business, what are some issues business owners should address in deciding to use information technology. Would the type of business determine the appropriate information system?
on october 29 2010 lue co. began operations by purchasing razors for resale. lue uses the perpetual inventory method.
Anaconda Mining Company shipped 9,000 tons of copper concentrate for $450,000 in March and 11,000 tons for $549,000 in April. Shipping costs for 12,000 tons to be shipped in May would be expected to be:
The value of an investment can be described as equal to the present value of its future cash flows, discounted at an appropriate interest rate. Why does an investment near its maturity have insignificant risk of change in value because of changes ..
prepare a cash receipts journal based on the information given below and post it to the accounts receivable subsidiary
before year-end adjusting entries carter companys account balances at december 312013 for accounts receivable and the
In preparing a statement of cash flows for the year ended December 31, 2011, for Cole Company, cash flows from financing activities would reflect
at the end of 2011 geisel inc has a 1700 debit balance in the allowance for doubtful accounts before adjusting entries
suppose you are comparing two firms within an industry. one is large and the other is small. will relative or absolute
In deciding whether or not to accept a special order, what is the opportunity cost of using machinery for which the firm has sufficient excess capacity to accept the order?
Applied overhead at month-end to the Goods in Process (Jobs 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.
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