Palmona co. establishes a $320 petty cash fund on january
on january 8, the fund shows $217 in cash along with receipts for the following expenditures:
postage, $43; transportation-in, $13;
delivery expenses, $15;
and miscellaneous expenses, $32.
palmona uses the perpetual system in accounting for merchandise inventory.
prepare journal entry to establish the fund on january 1, reimburse it on january 8, and reimburse the fund and increase it to $370 on january 8.

Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.

Luggage world buys briefcases with an invoice date of september 28. the terms of sale are 2/10 eom. what is the net date for this invoice

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit