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Waupaca Company establishes a $480 petty cash fund on September 9. On September 30, the fund shows $211 in cash along with receipts for the following expenditures: transportation-in, $51; postage expenses, $65; and miscellaneous expenses, $141. The petty cashier could not account for a $12 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $550.
Carol attends State University and received a $10,000 scholarship for her senior year that began in September, 2011. Up to the time of her graduation in May, 2012, Carol had paid the following expenses for the two semesters from her scholarship fu..
ravonette corporation issued 300 shares of 10 par value common stock and 100 shares of 50 par value preferred stock for
company manufactures hats that goes through 2 processes construction and packaging. in the construction process
shannon polymers uses straight-line depreciation for financial reporting purposes for equipment costing 800000 and with
tiger company recently exchanged an old truck which cost 54000 and was one-third depreciated and paid 35000 cash for a
1. holey foods has a piece of equipment that it bought on january 1 2011 for 48000 which it sells to an equipment
hillside issues 1500000 of 6 15-year bonds dated january 1 2013 that pay interest semiannually on june 30 and december
AudioMart is a retailer of radios, stereos, and televisions. The store carries two portable sound systems that have radios, CD players, and speakers
Determine the amount of dollars to be received, after deducting payment for the option premium.
mountain cycles started august with 12 bicycles that cost 42 each. on august 16 mountain bought 40 bicycles at 68 each.
in our online lecture we include a quote by e. o. wilson the one process now going on that will take millions of years
At what amount will the investment be reported in this year's balance sheet? What adjusting entry is required to accomplish this objective?
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