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Question - A company established a petty cash fund of $100 on September 1. On September 10, the petty cash fund was replenished when there was $16 remaining and there were petty cash receipts for: office supplies, $27; transportation-in on inventory purchased, $32; and postage, $22. On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form.
Journalize the following merchandise transactions - Sold merchandise on account, $41,100 with terms 2/10, n/30. The cost of the merchandise sold was $26,750.
he installation is expected to take 6 months. Prepare the journal entry (if any) to record the sale on January 2, 2012
Federal revenues may be accounted for and reported in an unusual manner.
When the environment changes as a result of technological advances, increased competition, or government regulation, an accounting system does not have to be sufficiently flexible to meet the changes in order to save money.
national products corporation participates in a highly competitive industry. in order to meet this competition and
When the partnership is dissolved, its assets are $50,000, and its debts are $8,000. How should the assets be distributed?
Describe some of the information a good AIS could have provided for this firm and that, if provided in a timely manner, could have helped avoid some of its problems.
Which of the following accounts is NOT classified as a current liability?
Do any analysis you consider appropriate to determine if the explanation by management seems reasonable
What cash will be received if 20% of Johnsons customers pay by credit card in November and there is a 3% fee attached
Obtain industry averages for commonly used ratios in the current period. Industry average information is reported by industry title or SIC code
1.sycamore candy company offers a cd single as a premium for every 5 candy bar wrappers presented by customers together
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