Record the following petty cash transactions of Handy Andys in the journal; explanations are not required. Nov
Question:
Nov 1 Established a petty cash fund with a $110 balance.
30 The petty cash fund had $28 in cash and $82 in petty cash tickets that were issued to pay for postage. Replenished the fund with cash.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Journal DATE ACCOUN...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Record the following petty cash transactions of Cheap Paper, Corp., in the journal; explanations are not required. Sep 1 Established a petty cash fund with a $225 balance. 30 The petty cash fund had...
-
Record the following petty cash transactions of Lexite Laminated Surfaces in general journal form (explanations are not required): Apr. 1 Established a petty cash fund with a $200 balance. 30 The...
-
Record the following petty cash transactions of Handy Dan in the journal; explanations are not required. Nov 1 Established a petty cash fund with a $100 balance. 30 The petty cash fund had $33 in...
-
On April 1 of the current taxable year, Mr. Lasing Gho died leaving Php 25, 000, 000 of net distributable estate. He also left behind Tessie, his legitimate wife; Rhealyn, his legally adopted...
-
Substitute x = tan() to integrate 1/1 + x2. Integration by substitution, in combination with trigonometric identities, can be used to integrate some surprising functions.
-
Prove Equation (8.16). Equation 8.16 dP, P,(t+2(h H)/c)f(h)dh dt 0-
-
Construct a case for restricting trade between the USA and Japan. Are there any arguments here that could not equally apply to a case for restricting trade between Scotland and England or between...
-
Gibson Motors manufactures specialty tractors. It has two divisions: a Tractor Division and a Tire Division. The Tractor Division can use the tires produced by the Tire Division. The market price per...
-
The decision of the Ontario Court of Appeal relies upon a variety of sources of law. Identify two sources of law relied upon by the court and identify their weight in decision making. Are they...
-
Assume Posey were to obtain a international subsidiary with non-US$ functioning currency. Prepare a memo that addresses the following critical elements: A. Outline the unique calculations required to...
-
Refer to the preceding Small Business Analysis case. Prepare an e-mail to the owner of Burns & Associates, Inc., explaining the situation with the returned check and the charge that the bank applied...
-
Loris Music School created a $200 petty cash fund on May 1. During the month, the fund custodian authorized and signed petty cash tickets as follows: Requirements 1. Record the journal entry to...
-
What is the result of the following code? What will the image look like? public static void pixelMystery (DrawingPanel panel) { Color[][] pixels panel.getPixels (); for (int row = 0; row <...
-
Mr. Diaz's Coin Collection was worth 1050 9 years ago, and has been increasing in value by 12.5% per year use the formula A=P(1pm r)^{t} Present value. To find ITS present value
-
What significant changes in Deutsche Bank (DB) operations resulted from DB's decision in 2002 to try to increase profit by 600% in 2 years?
-
In 2018, Becky bought $5,000 worth of stock in Jet-electro, Inc. On June 30, 2022, Jet-electro declared bankruptcy and Shelly's stock became worthless. Assuming Becky has $100,000 in wage income and...
-
What are Linden Inc's Distribution costs? Linden International Inc. Statement of Income For the year ended December 31, 2012 (in S) Revenue Cost of sales Gross profit Other income Distribution costs...
-
Kate owns 25 real estate rental properties that she manages herself. She averages about 20 hours a week taking care of her properties. This year, the rental properties produced a loss of $35,000....
-
Determine the fractional change in volume as the pressure of the atmosphere (1 10 5 Pa) around a metal block is reduced to zero by placing the block in vacuum. The bulk modulus for the metal is 125...
-
What are the six activities involved in the physical supply/distribution system?
-
Yeates Ltd has the following balances on its accounts in respect of machinery and its depreciation: 31 December 2011: Machinery 21,000, Provision for depreciation of machinery 8,600. The firm then...
-
Consider the following comparative income statement and additional balance sheet data for Classic Fashions, Inc. Additional data follow: Requirements 1. For 2017 and 2018, compute the five ratios...
-
Evaluate the common stock of Build Right Incorporated as an investment. Utilize the four ratios that help determine whether a business is generating enough net income to reward the stockholders for...
-
Net sales, net income, and total assets for Schmitz Construction, Inc., for a four-year period follow: Requirements 1. Compute trend percentages for each item for 2015 through 2018. Use 2015 as the...
-
1. Analyze the code below and tell if a deadlock may occur or not. Justify your answer. semaphore a T1: wait (a); wait (b); signal (b); = 1, b = 1, c = 1; T2: wait (c); wait (b); signal (b); signal...
-
(75 points) Here is a distance matrix for 5 objects. 0 9 0 D = {dia) 3 3 7 0 4 6 590 5 11 10 2 8 0 (a) Perform the single linkage hierarchical clustering. Show your result by drawing a dendrogram....
-
Suppose we are given the following graph. We need the sampling to be done with the steady state probability distribution of a random walk to be (a) = (b) = (c) = (d) = (e) = () = What should the...
Study smarter with the SolutionInn App