Business, 22.03.2021 20:50 connersitte1221l

Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $820. 12. The cash sales for the day, according to the cash register records, totaled $13,745. The actual cash received from cash sales was $13,770. 30. Petty cash on hand was $62. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $90. June 10. Express charges on merchandise purchased, $131 (Merchandise Inventory). June 14. Office supplies, $57. June 15. Office supplies, $66. June 18. Postage stamps, $69 (Office Supplies). June 20. Repair to fax, $164 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $57 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $44 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $66 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $21,972. The actual cash received from cash sales was $21,933. 30. Increased the petty cash fund by $205. Required: Journalize the transactions. If an amount box does not require an entry, leave it blank.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

You decide that structural changes must be made at holden evans immediately to deal with the additional product lines. equipment and employees will have to be moved around to optimize production of all of the products in house. this shouldn't be too difficult because many of the vitamins and supplements are produced using similar processes. you have several options available to facilitate this process. which of the following methods do you think is the best choice? select an option from the choices below and click submit. because the changes may result in the loss of several key employees, you hire outside consultants who specialize in hr law. this way any employee terminations will not result in lawsuits. you select an outside consulting firm that your company has never worked with before, but it has a reputation for using new technology in product lines that are similar to yours. you select several trusted managers to facilitate the transition of operations from overseas. these individuals can gather information and also smooth any rough spots that may occur.

Answers: 3

Answer

Business, 22.06.2019 06:50

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

Answers: 1

Answer

Business, 22.06.2019 11:30

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

Answers: 2

Answer

Business, 22.06.2019 23:30

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?

Answers: 1

Answer

You know the right answer?

Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selec...

Questions