On March 20, Dodys petty cash fund of $100 is replenished when the fund contains $9 in
Question:
On March 20, Dody’s petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage $52, freight-out $26, and travel expense $10. Give the journal entry to record the replenishment of the petty cash fund.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
Mar 20 Postage Expense52 F...View the full answer
Answered By
Vijesh J
My passion to become a tutor is a lifetime milestone. Being a finance and marketing professional with hands-on experience in wealth management, portfolio management, team handling and actively contributing in promoting the company. Highly talented in managing and educating students in most attractive ways were students get involved. I will always give perfection to my works. Time is the most important for the works and I provide every answer on time without a delay. I will proofread each and every work and will deliver a with more perfection.
4.70+
5+ Reviews
15+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
On March 20, Yang Ltd.'s petty cash fund of 1,000 is replenished when the fund contains 90 in cash and receipts for postage 520, freight-out 260, and travel expense 100. Prepare the journal entry to...
-
The following data pertain to the petty cash fund of Stanton Company: 1. The petty cash fund was established on an imprest basis at $250 on March 1. 2. On March 31, a physical count of the fund...
-
The Crown Company established a petty cash fund of $600 for incidental expenditures on January 2, 2007. At the end of the month the count of cash on hand indicated that $57.35 remained in the fund. A...
-
Infinity & Beyond, Inc. is a producer of high-tech fashion merchandise. The company's marketing department has identified a new product concept through discussions with potential customers conducted...
-
Olympic athletes are tested to see if they are using illegal performance-enhancing drugs. Suppose that urine samples are taken and analyzed and the rate of false positive results is 1%. Suppose also...
-
Determine the UA product for the double pipe heat exchanger described in Problem 5.40 for both clean and fouled conditions. Problem 5.40 A counter flow double pipe heat exchanger has an outer pipe of...
-
Prepare a balance sheet and income statement for Kronlokken Company from the following scrambled list of items. a. Prepare a common-sized income statement and a common-sized balance sheet. Interpret...
-
Consider the following time series data Using the nave method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy: a. Mean absolute error b....
-
5 Which one of the following correctly represents Sodium oxide? +2 XX a) Na 20 XX 6) 2NaOx x; 1-2 'xx' 1-2 c) 2 Na 20% c) Na XX XX 6 An element with atomic number_ will form a basic oxide. a) 7 (2,5)...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Pennington Company has the following internal control procedures over cash disbursements. Identify the internal control principle that is applicable to each procedure. 1. Company checks are...
-
Lance Bachman is uncertain about the control features of a bank account. Explain the control benefits of (a) A check (b) A bank statement.
-
Talk with several users of a product that you also use. Ask open-ended questions designed to gather feedback about how they use the product, such as "tell me about a time when you used the product in...
-
Brenda Blair is considering buying a Bobcat for her construction business; the machine costs $250,000. Purchasing the Bobcat will provide incremental cash flows of $51,000 per year for six years. The...
-
1. Let R=(a,b), (c,d),(d,e), lg,b), f,d be a relation. Compute the transitive closure of R. 2. Compute the -closure for each state of the following &-NFA. b {q} {r} {r} 0 P q *T a {q,r} 0 0 {p} 0...
-
Oxford healthcare receives $3,000 in checks daily which are cleared in 3 days and writes $2,000 in checks daily and this takes 6 days for these to be received and clear the banking system. What is...
-
The rule of seven is based on the use of continuous interest to approximate the doubling time of money. The "7" comes from the fact that the natural log of 2 is approximately 0.7. The rule says that...
-
The INDUSTRIA TEXTIL ZAR company, located in Madrid, has subsidiaries practically all over the world. Currently, the subsidiaries, established by countries of implementation, manage their own...
-
A student is studying a solution of the sparingly soluble salt Ag 2 SO 4 , for which the K sp is 1.2 10 5 . The solubility of Ag 2 SO 4 is high enough that silver ions often encounter sulfate ions...
-
Calculate I, , and a for a 0.0175 m solution of Na 3 PO 4 at 298 K. Assume complete dissociation. How confident are you that your calculated results will agree with experimental results?
-
Plaintiff Cynthia M. Lopez appeals the judgment entered in this action after an arbitration award. We conclude the trial court erred in granting defendant Charles Schwab & Co., Inc.s (Schwab) motion...
-
Why is it important to report discontinued operations separately from income from continuing operations?
-
Why is it important to report discontinued operations separately from income from continuing operations?
-
Why is it important to report discontinued operations separately from income from continuing operations?
-
Do you envision the business as starting by targeting specific needs of a single target community (e.g. the target is San Francisco), targeting specific needs of a similar set of communities (e.g....
-
Define social media. ( 20 points ) How has social media changed the way marketers and consumers communicate with one another? Explain the implications for marketers. Describe how marketing managers...
-
Find an article or video offering advice on choosing the best financing option for a business. Answer the following questions: Which types of financing did they discuss? What advice did they offer?...
Study smarter with the SolutionInn App