subject
Business, 02.09.2021 05:00 cerna

Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $89 in cash along with receipts for the following expenditures: transportation-in, $40; postage expenses, $64; and miscellaneous expenses, $115. The petty cashier could not account for a $12 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $360.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 10:00
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a
Answers: 3
question
Business, 22.06.2019 11:30
Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)
Answers: 2
question
Business, 22.06.2019 11:50
Which of the following does not offer an opportunity for timely content? evergreen content news alerts content that suits seasonal consumption patterns content that matches a situational trigger content that addresses urgent pain points
Answers: 2
question
Business, 22.06.2019 19:30
Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above
Answers: 2
You know the right answer?
Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $...
Questions
question
Mathematics, 04.03.2020 05:59
question
Mathematics, 04.03.2020 05:59
question
Mathematics, 04.03.2020 05:59
question
Mathematics, 04.03.2020 05:59
Questions on the website: 13722367