User Account

All Pages

Prepare the september entry to establish the fund

Assignment Help Accounting Basics
Reference no: EM133180276

Question - Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $179 in cash along with receipts for the following expenditures: transportation-in, $50; postage expenses, $51; and miscellaneous expenses, $125. The petty cashier could not account for a $5 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory.

Required - 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 $480.

Reference no: EM133180276

Questions Cloud

Identifying the main methodologies and research techniques : Identifying the main methodologies and research techniques that authors have used to research your area - how far you have answered your question(s)
Leadership perspectives and theories : a) When it comes to ethical decision-making, is being rational always a good idea? Why or why not?
Design and make a personal coat of arms : Design and make a personal coat of arms. The coat of arms will represent a persons' values, identities, and understanding of workforce diversity and globalizati
Health care accrediting and credentialing organization : In preparation for the accreditation visit for AKT, choose one health care accrediting and credentialing organization.
Prepare the september entry to establish the fund : Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund
Reflect on the practical application of the knowledge : Reflect on the practical application of the knowledge gained during the consultancy project process. It will also prompt you to reflect on project management
Discuss specific health care examples of local : In preparation for the accreditation visit for AKT, choose one health care accrediting and credentialing organization.
Calculate annual net cash flow of the project : A machine purchased for $1,000,000 with a life of 10 years, generates annual revenues of $300,000. Calculate annual net cash flow of the project
Describe and compare harvey behaviors : In the 2006 case, do you think Harvey's behaviors created a "hostile work environment"?

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