During October, Bismark Light Company experiences the following transactions in establishing a petty cash fund. Prepare a cash budget for two months. (LO 4), AP Prepare journal entries for a petty cash fund. (LO 5), AP Oct. 1 31 A petty cash fund is established with a check for $150 issued to the petty cash custodian. A check was written to reimburse the fund and increase the fund to $200. A count of the petty cash fund disclosed the following items: Instructions Currency Coins Expenditure receipts (vouchers): Supplies Telephone, Internet, and fax Postage Freight-out $59.00 0.70 6.80 Journalize the entries in October that pertain to the petty cash fund.

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of: