Windsor, inc. decided to establish a petty cash fund to ensure internal control over its small cash expenditures. the following information is available for the month of april.1. on april 1, it established a petty cash fund in the amount of $264.2. a summary of the petty cash expenditures made by the petty cash custodian as of april 10 is as follows. delivery charges paid on merchandise purchased $75 supplies purchased and used 40 postage expense 48 i. o.u. from employees 32 miscellaneous expense 51 the petty cash fund was replenished on april 10. the balance in the fund was $15.3. t the petty cash fund balance was increased $115 to $379 on april 20. required : prepare the journal entries to record transactions related to petty cash for the month of april.

Explanation:

The journal entries are shown below:

1. Petty cash A/c Dr $264.2

       To Cash A/c              $264.2

(Being petty cash fund established)

2. Freight - in expense A/c Dr $75

   Supplies expense A/c Dr $40

   Postage expense A/c Dr $48

   Loan to employees A/c Dr $32

   Miscellaneous expense A/c Dr $51

   Cash over and short A/c Dr $2.9

                                            To Cash A/c Dr $248.9         ($264.2 - $15.3)  

(Being disbursement of cash recorded)

3. Petty Cash A/c Dr $115

          To Cash A/c          $115

(Being increase in petty cash recorded)    

d, conspicuous consumption is when you try to increase your wealth or social status (and in the case he's trying to create the perception of wealth considering he can't really afford it)

answer; the correct answer is (direct foreign investment);