Make the journal entry to record the replenishment

Assignment Help Accounting Basics
Reference no: EM132726547

Question - On March 20, Sheridan's petty cash fund of $110 is replenished when the fund contains $9 in cash and receipts for postage $47, freight-out $21, and travel expense $28. Make the journal entry to record the replenishment of the petty cash fund.

Reference no: EM132726547

Questions Cloud

Operations to ever-changing environment : Discuss implications that the on-going Covid-19 pandemic, forcing many MNC's to adapt their operations to an ever-changing environment,
Determine the direct materials cost : Total manufacturing costs for the period 156,390 and Materials inventory, end of period 11,150. Determine the Direct materials cost
What role do global justice concerns play in the economy : What role do global justice concerns play in the economy, politics, and society of a given Asian Pacific country? What role does ethnicity play in the politics
Does research rely on sufficient depth and breadth : Is your writing clear, concise, comprehensive, engaging, and grammatically correct? Does research rely on sufficient depth and breadth of quality resource
Make the journal entry to record the replenishment : On March 20, Sheridan's petty cash fund of $110 is replenished. Make the journal entry to record the replenishment of the petty cash fund
Social media at work : You manage an employee who is spending too much time using social media at work and has missed three important deadlines in one week as a result
Which is more important - freedom or security : Which is more important: freedom or security? Are SAT or ACT tests necessary to determine whether a student is ready for college?
Find the predetermined overhead rate : Thomlin Company forecasts that total overhead for the current year will be $7548241 with 920084 total machine hours. Find the predetermined overhead rate
What is the company margin of safety in dollars : The budget assumes the sale of 10,000 units of Bike A, 120,000 units of Bike B, and 70,000 units of Bike C. What is the company margin of safety in dollars

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd