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Petty cash fund is started with 200
Cash 63
Stamps and postage 82
Toner Cartridge 41
Milk and Coffee etc 11
Petty cash 200
Cash at bank 200
Postage expense 82
Office supplies 41
Staff Amenities 11
Cash short and over 3
CASH 137
Problem 1: How did the cash short and over become the correct answer of 3?
Problem 2: How did the credit to cash become the correct answer of 137?
Wrote off assigned accounts of P300,000. Compute for the amount of cash received from the assignment of accounts receivable on December 1, 2020
In 2021, Parkette reported cost of goods sold of $550,000 while Skybox reported $267,500. What is the consolidated cost of goods sold in 2021?
A company currently pays a dividend of $3.5 per share (D0 = $3.5). It is estimated that the company's dividend will grow at a rate of 17% per year for the next 2 years, then at a constant rate of 5% thereafter. The company's stock has a beta of 0.8, ..
?Precious, Inc. is a merchandiser of a single line of golden rings. At the beginning of the? day, the shop had 10 rings in its inventory. During the? day, 4 new rings were delivered to the shop. By close of? business, only 9 rings remained in invento..
Describe the concepts and principles of accounting: Accounting Entity Concept and The Going Concern Principle
The following selected data were taken from the accounting records of Shook Industrial Manufacturing: Determine the machine supplies and property taxes for May. By using the high-low method, analyze Shook's plant maintenance costs and calculate the m..
What is the value of equity? Hint: first find VU (value of the firm with no debt), second VL (value of the firm with debt), and lastly E
Construct the DuPont equation for years ended 31 December 2018 and explain the change in ROE. Calculate the dividend per share for year ended
Salary allowances of $38,000 and $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Xavier?
Furnishings $50,000 - Straight line 10 years, no residual value. Record amortization expense for all depreciable capital assets for the month of January 2020.
What the amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places)
Your company has earnings per share of $4. It has 1 million shares? outstanding, each of which has a price of $40. What is the actual premium your company pay
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