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1 The entry establishing a $175 petty cash fund would include a:a) debit to cash for $175b) credit to Petty cash for $175c) debit to petty cash for $175d) debit to miscellaneous expense for $175
2 Riley's Limousines' entry to establish a $75 petty cash fund for the office would include a:a) debit to cash for $75b) credit to petty cash for $75c) credit to cash for $75d) debit to office expense for $75
3. Samanth's tutoring service's $200 petty cash fund has a shortage of $4. The facts are: 80 in valid receipts for expenses; $116 in coins and currency. The journal entry to replenish the petty cash fund wouldi nclude a:a) credit to cash for $80b) credit to petty cash for $84c) credit to cash short/over for $4d) debit to cash short/over for $4.
4. a petty cash fun which was established at $50. contains an actual cash count of $20 and valid receipts for $40. The entry to replenish the fund would include a:a) credit to cash for $30b) credit to cahs for $40c) credit to petty cash for $30d) debit to petty cash for $40
5) the bank statement included bank charges. On the bank reconciliation, the item is:a) an addition to the balance per company bookb) an addition to the balance per bank statementc) a deduction from the balance per bank statementd) a deduction from the balance per company books
what are methods of calculating depreciation?
Balance Sheet Classifications and Relationships: Shelley and Co. has the following balance sheet elements as of December 31, 2012. Land. . . . . . . . . . . . . . . . . . . . . . .
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Bell Mountain Vineyards is considering updating its current manual accounting system with a high-end electronic system. While the new accounting system would save the company mon
Illustration: Computation of retained profits acquisition Normal 0 false false false EN-US X-NONE X-NONE MicrosoftIn
A company's sales are 50% in cah and 50% on credit. 70% of the credit sales are colected in the month of the sale, 20% in the month following the sale, and 5% in the second month f
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Arnot International's bonds have a present market price of $1,250. The bonds have an 11% annual coupon payment, a $1,000 face value, and 10 years left until maturity. The bonds may
Question: Andrew Hegel manufactures garments in his Malagasy Factory. In an effort to remain competitive he continually switches between suppliers.. This has resulted in extra
Does a state have the authority to require a U.S.-based multinational corporation to compute its state taxable income on a worldwide combined reporting basis? What about a foreign-
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