Martinez Company designated Jill Holland as petty cash custodian and established a petty cash fund of $256. The fund is reimbursed when the cash in the fund is at $36, which it is. Petty cash receipts indicate funds were disbursed for office supplies $99 and miscellaneous expense $94. Prepare journal entries for the establishment of the fund and the reimbursement

What is the connection between digital transformation and customer experience

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: