Business, 05.05.2020 18:13, Hollywood0122

The petty cash fund of $200 for Tomkins Company appeared as follows on December 31, 2014

Cash $50.60

Petty Cash Vouchers

Freight-in $58.40

Postage 40.00

Balloons for a special occasion 20.00

Meals 25.00

1. Prepare the general journal entry to replenish the fund.

2. On December 31, the office manager gives instructions to increase the petty cash fund by $50. Make the appropriate journal entry.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:00, Maria3737

For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent

Answers: 3

continue

Business, 22.06.2019 10:30, AriaMartinez

Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.

Answers: 1

continue

Business, 22.06.2019 11:00, neash19

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Answers: 3

continue

Business, 22.06.2019 14:10, gia2038

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Answers: 1

continue

Do you know the correct answer?

The petty cash fund of $200 for Tomkins Company appeared as follows on December 31, 2014