Question: Please help me with this accounting question > Question 34 1 pts When making a payment from the petty cash fund for postage stamps, the

Please help me with this accounting question > Question 34 1 ptsPlease help me with this accounting question

> Question 34 1 pts When making a payment from the petty cash fund for postage stamps, the following journal entry is made. Debit Supplies; Credit Petty Cash Debit Postage Expense; Credit Petty Cash Debit Miscellaneous Expense; Credit Petty Cash No entry is made

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

*Course Hero X Question 37 - Exam 2 Prep - Opti X + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.. * ... YouTube h Hulu...

Q:

Please help me solve this asap! Thanks in advance! Pharoah, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is...

Q:

please help + 0288&page=23 PART B - Question 2 (10 marks) The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund...

Q:

Rockford Corporation is a wholesale plumbing supply distributor. The corporation was organized in 1981, under the laws of the State of Illinois, with an authorized capitalization of 10,000 shares of...

Q:

Hello you really helped me with my questions from before do you mind helping me with these? 1. Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving...

Q:

Hello you really helped me with my questions from before do you mind helping me with these? 1. Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving...

Q:

Hello you really helped me with my questions from before do you mind helping me with these? 1. Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving...

Q:

Hello you really helped me with my questions from before do you mind helping me with these? 1. Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving...

Q:

Help with wrong answers and tabs 3-4 4 Palmona Co. establishes a $190 petty cash fund on January 1. On January 8, the fund shows $71 in cash along with receipts for the following expenditures:...

Q:

26 The board of directors voted to purchase 1,000 shares of its own stock from stockholder Dionne Schivone at $85 per share and issued check No. 1595 in payment. Stock repurchases are recorded at...

Q:

Draw, complete and EXPLAIN the mechanism of the reaction of ethyl propyl ketone with methanol in a medium containing an excess of hydrochloric acid. (20 points):

Q:

Prairie Dunes Co. issues bonds dated January 1, 2011, with a par value of $800,000. The bonds annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds...

Q:

an annuity can be thought of as simply the difference between two perpetuities. Assume that you have two perpetuities, with the same yearly cash flows and the same risk ( i . e . , the same discount...

Q:

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...