Reference no: EM132898729
Question 1: Set up t account with petty cash entries formula is:
Assets = Liabilities + Owners Equity
Oct. 1 Paid rent for November, December, and January, $1,200 (check no. 8108).
Oct. 2 Established a petty cash fund for $100.
Oct. 4 Collected $3,600 from a cash customer for building five systems.
Oct. 5 Collected $2,600, the amount due from A. Pitale's invoice no. 12674, customer on account.
Oct. 6 Purchased $25 worth of stamps using petty cash voucher no. 101.
Oct. 7 Withdrew $2,000 (check no. 8109) for personal use.
Oct. 8 Purchased $22 worth of supplies using petty cash voucher no. 102.
Oct. 12 Paid the newspaper carrier $10 using petty cash voucher no. 103.
Oct. 16 Paid the amount due on the September phone bill, $65 (check no. 8110).
Oct. 17 Paid the amount due on the September electric bill, $95 (check no. 8111).
Oct. 22 Performed computer services for Taylor Golf; billed the client $4,200 (invoice no. 12675).
Oct. 23 Paid $20 for computer paper using petty cash voucher no. 104.
Oct. 30 Took $15 out of petty cash for lunch, voucher no. 105.
Oct. 31 Replenished the petty cash. Coin and currency in drawer total $8.
|
What is levin minimum costs of ordering inventory
: What is Levin's minimum costs of ordering and holding inventory? At cost, the firm's carrying cost is 20% of the inventory value.
|
|
Identify two companies that could serve as potential vendors
: Identify two companies that could serve as potential vendors for the proposed solutions. Total expected real-world costs of the group's proposed
|
|
Prepare statement of financial position for equity section
: Prepare the Statement of Financial Position (extract) for the equity section only as at 30 April 2020. The auditors renegotiated their audit fees to $8,500.
|
|
Prepare flounder journal entries
: Flounder leases the equipment to Morgan Corporation for one year with one rental payment of $16,300 on January 1. Prepare Flounder's 2017 journal entries.
|
|
Set up t account with petty cash entries formula
: Set up t account with petty cash entries formula. Collected $2,600, the amount due from A. Pitale's invoice no. 12674, customer on account.
|
|
Calculate the asset turnover ratio
: Calculate the asset turnover ratio. Hilldale Company had total assets of $361,000. During the? year, the company purchased new machinery worth $83,000.
|
|
Role as supervisor that you are working
: Role as supervisor that you are working with a supervisee who is very stressed with work and personal issues and the stress
|
|
Determine the amount of warranty liability on december
: Determine the amount of warranty liability on December 31, 2021. Determine the amount of warranty liability as of December 31, 2022
|
|
Describe the setting and the technology used
: Think about your agency field placement or another social work setting. How is technology used in these settings for supervision and consultation?
|