Prepare the journal entry to record the replenishment

Assignment Help Accounting Basics
Reference no: EM13120238

On 20 March, Batavia's petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage $51, freight-out $25, and travel expense $10. Prepare the journal entry to record the replenishment of the petty cash fund.

Reference no: EM13120238

Questions Cloud

What is the concentration of f- in the new solution : When 20 mL of a 120 mL stock solution containing 2 M BaF2 is diluted to 80 mL, what is the concentration of F- in the new solution.
Find expected value and standard error for difference : A coin is tossed 100 times. The difference "number of heads - number of tails" is like the sum of 100 draws from one of the following boxes. which one, and why?
Compute the volume charge density of the atmosphere : Compute the volume charge density of the atmosphere, assuming it to be uniform between 300 and 450 m. (Hint: You may neglect the curvature of the earth. Why?)
Calculate the probability of a head on the first flip : A silver dollar is flipped twice, calculate the probability of each of the following occurring: A, a head on the first flip
Prepare the journal entry to record the replenishment : On 20 March, Batavia's petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage $51, freight-out $25, and travel expense $10. Prepare the journal entry to record the replenishment of the petty cash fund.
Compute the distance it travels during the third second : A car traveling 90km/h slows down at a constant 0.50 m/s^2 just by "letting up on the gas." Compute the distance it travels during the third second.
Maintenance costs and production savings : Assuming that MARR is 10% and all maintenance costs and production savings are incurred at the end of the year, should the present lease be continued, or one of the two machines be purchased?
What is the major issue involved in translation : XYZ Corporation, with a division located in Germany, must translate its financial statements from euros to U.S. dollars. What is the major issue involved in translation?
What would be the amount of heat released : calorimetry can be used to find heats of combustion. suppose a calorimeter helps someone to determine that 4032 kj of heat is released during the combustion of 88.0 grams of propane, C3H8 (44.0 g/mol).

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