On september 1, 2022, watkins company establishes a petty cash fund by issuing a check for $250 to mike martz, the custodian of the petty cash fund. on september 30, 2022, mike martz submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is $35 cash in the fund: freight-in $25 supplies expense 75 entertainment of clients 37 postage expense 80 prepare the journal entries required to establish the petty cash fund on september 1 and the replenishment of the fund on september 30.

The Journal entries are as follows:

September 1:

Petty cash A/c   Dr.    $250

To  cash                                 $250

(To establish a petty cash fund)

September 30:

Cash over and short A/c      Dr.   -$2

Freight in A/c                         Dr.    $25

Supplies expense A/c           Dr.     $75

Entertainment Expense A/c  Dr.     $37

Postage expense A/c            Dr.     $80

To  Cash ($250 - $35)                               $215

( to record expenses for September and replenish the petty cash fund)

Workings:

Cash short = 215 - (25 + 75 + 37 + 80)

                  = - 2

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.