A company has a petty cash fund amount of $400. When replenished, it has petty cash tickets of $30 for gas expense, $30 for postage expense, $10 for supplies expense, and $11 for miscellaneous expenses. Assume the cash balance is not over or short.
In the journal entry, Cash would be credited for .
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Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.
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A company has a petty cash fund amount of $400. When replenished, it has petty cash tickets of $30 f...
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