Question: 14,15,16,17 please answer the multiple choices. Please answer the questions 14 and 15 by using the information given below: The transactions involving the petty cash

14,15,16,17 please answer the multiple choices.

14,15,16,17 please answer the multiple choices. Please answer the questions 14 and

Please answer the questions 14 and 15 by using the information given below: The transactions involving the petty cash fund of Taco Company during June are as follows: *On June 1, it established a petty cash fund in the amount of $200, which will be under the control of the office assistant manager. **A summary of the petty cash expenditures as of June 22 is as follows: Postage stamps $ 42.00 Supper money for office employees working overtime 18.00 Office supplies 28.00 Window washing service 50.00 Flowers for hospitalized employee 17.00 Employee's IOU 6.00 ***The petty cash fund was replenished on June 22. The balance in the fund was $25. The office assistant manager is not responsible for the difference. ****The petty cash fund balance was increased by $175 on June 22. 14. What is the amount of (if any) cash short/over? a. Cash Short by $ 25 b. Cash Short by $ 14 c. Cash Over by $ 14 d. Cash Over by $ 25 15. Which of the following is the correct statement for the replenishment of the fund? a. Debits Cash $ 175; credits Petty Cash $ 175 b. Debits Cash $ 25; credits Petty Cash $ 25. c. Debits Petty Cash $ 175; credits Cash $ 175 d. Debits Petty Cash $ 25; credits Cash $ 25. Please answer the questions 16 and 17 by using the information given below: January 1, 2019 Prepaid rent Interest payable December 31, 2019 $ 1,875 $ 1,125 $4,280 Cash payments for interest is $4,000 and rent is $5,000. 16. What is the interest expense for the year? a. $ 4,000 b. $ 1,125 c. $ 7,155 d. $ 845 17. What is the rent expense for the year? a. $ 5,000 b. $ 1,875 c. $ 3,125 d. $6,875

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