User Account

All Pages

Record the journal entry on february

Assignment Help Accounting Basics
Reference no: EM131717843

Question - Oriole Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $110. On February 28, there were $5 cash and the following petty cash receipts in the petty cash box.

Date

Receipt No.

For

Amount

Feb. 15

1

Supplies

$11

Feb. 18

2

Miscellaneous expense

7

Feb. 20

3

Freight in (assume perpetual inventory system)

33

Feb. 21

4

Supplies

15

Feb. 22

5

Delivery charges on outgoing freight

18

Feb. 27

6

Supplies

26

Required -

Record the journal entry on February 14 to establish the petty cash fund.

Record the journal entry on February 28 to replenish the fund and increase the balance to $193.

Reference no: EM131717843

Questions Cloud

Find net after-tax return on nonqualified municipal security : Tiger National Bank also purchases municipal bonds issued by the city of Cleveland. Currently the bank is considering a nonqualified general obligation.
Post a brief description of the cultural consideration : Explain two challenges of applying your theoretical orientation to address this cultural consideration when working with couples and families.
How the countrys financial system is related to key variable : How your organization can reduce the risk they would face in relocating. How the country's financial system is related to key macroeconomic variables
Discuss interviewing a graduate school applicant : Barney, an admissions officer, is interviewing a graduate school applicant about whom he has very high positive expectations
Record the journal entry on february : Oriole Boxes uses a petty cash imprest system. Record the journal entry on February 14 to establish the petty cash fund
Define good reason for not selling the treasury bonds : The market value of these bonds has risen to $4,330,000. Which of these two portfolio shifts would you recommend? Is there a good reason for not selling.
What percent of the time would you expect that to happen : Given a population of 35 workers in your company, you know that you get 23 of them to work 65 hours per week. However, the team you manage is only 10 people
How do aspects of emotional intelligence : How do aspects of emotional intelligence relate to leadership and management success? Does an effective leader-manager have to be emotionally sensitive
What percentage change in the bond value occurred : A bond possesses a duration of 5.82 years. Suppose that market interest rates on com-parable bonds were 7 percent this morning, but have now shifted upward.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is ds total amount of gifts

Assuming Dand her spouse choose to gift split and that her spouse made no gifts during the year, what is D's "total amount of gifts"

  Financially accountable for their operations

According to GASB Statement No. 44, all of the following is a recommendation category for the CAFR's statistical section EXCEPT

  Calculate the annual depreciation allowances

A piece of newly purchased industrial equipment costs $975,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7.

  Prepare selling and administration budget

Prepare a Production Budget and prepare a Direct Materials Purchase Budget - prepare Direct Labor Budget

  Determined that the amounts of the items listed

After a thorough investigation, you have determined that the amounts of the items listed on the statement are correct. However, you notice several items that are incorrectly classified and reported.

  Delaney income tax payable

In 2007, Delaney Company had revenues of $180,000 for book purposes and $150,000 for tax purposes. Delaney also had expenses of $100,000 for both book and tax purposes. If Delaney has a 35% tax rate, what is Delaney's income tax payable for 2007?

  Compute the equivalent units of production for the first

the franc zeppo venture manufactures a product that goes through two processing departments. information relating to

  Bob and april would qualify as emas dependents except that

emma doyle age 55 is employed as a corporate attorney. for calendar year 2013 she had agi of 100000 and paid he

  Estimating diluted earnings per share

What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2011

  Assignment-budget planning and control

Use the Internet and / or Strayer databases to research budget planning and control. Imagine that the company that you currently work for, have previously worked for, or would like to work for in the future has tasked you with preparing a budget p..

  Find an article on using big data in ais

Find an article on using Big Data in AIS. Articles should address current technologies and/or emerging trends. Discussions should focus on the security of the data and internal controls, not the efficiency of operations. Do not merely summariz..

  If the overhead rate is 10 per machine--hour and there are

if the overhead rate is 10 per machine--hour and there are 20 labor-hour 16 machine-hours and 2 personal on the job how

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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