Pelcher co. maintains a $400 petty cash fund. on january 31, the fund is replenished. the accumulated receipts on that date represent $110 for office supplies, $140 for merchandise inventory, and $70 for miscellaneous expenses. there is a cash overage of $4. the journal entry to replenish the fund on january 31 is: a. dr. office supplies, $110; dr. merchandise inventory, $140; dr. miscellaneous expenses, $70; dr. cash over and short, $4; cr. petty cash, $324.b. dr. office supplies, $110; dr. merchandise inventory, $140; dr. miscellaneous expenses, $70; dr. cash over and short, $4; cr. cash, $324c. dr. office supplies, $110; dr. merchandise inventory, $140; dr. miscellaneous expenses, $70; cr. cash over and short, $4; cr. petty cash, $316.d. dr. office supplies, $110; dr. merchandise inventory, $140; dr. miscellaneous expenses, $70; cr. cash over and short, $4; cr. cash, $316.e. dr. office supplies, $110; dr. merchandise inventory, $140; dr. miscellaneous expenses, $70; dr. cash over and short, $4; cr. petty cash, $400.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.

Kyle and alyssa paid $1,000 and $4,000 in qualifying expenses for their two daughters jane and jill, respectively, to attend the university of california. jane is a sophomore and jill is a freshman. kyle and alyssa's agi is $135,000 and they file a joint return. what is their allowable american opportunity tax credit after the credit phase-out based on agi is taken into account?