Question: Refer to the preceding Small Business Analysis case Prepare an
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 to your account for processing the returned check. Also, request payment for the entire amount due, including the return check charge. Keep in mind that the tone of the e-mail might have some bearing on whether or not Burns continues to utilize your services.
Answer to relevant QuestionsRecord the following petty cash transactions of Handy Andy’s in the journal; explanations are not required.Nov 1 Established a petty cash fund with a $110 balance.30 The petty cash fund had $28 in cash and $82 in petty ...Elm Street Motors maintains a petty cash fund of $200. On December 31, the fund holds $12 cash, petty cash tickets for office supplies, $121, and delivery expense, $55.Requirements1. Make the journal entry to replenish the ...For each of the following long-term assets, identify the type of expense that will beincurred to allocate the asset’s cost as depreciation expense (DR), depletion expense(DL), amortization expense (A), or none of these ...Classify each of the following expenditures for machinery as a capital expenditure (CAP) or a revenue expenditure (REV):a. Purchase priceb. Ordinary recurring repairs to keep the machinery in good working orderc. Lubrication ...Sunshine Tanning Salon bought three tanning beds in a $13,000 lump-sum purchase. An independent appraiser valued the tanning beds as follows: Tanning Bed Appraised Value1 $2,0002 ...
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