Record the journal entry to replenish the petty cash fund

Assignment Help Accounting Basics
Reference no: EM132042055

Question - On November 20, Dipsy Doodle's petty cash fund of $200 is replenished when the fund contains $109 in cash, postage receipts of $52, UPS receipts for shipping doodles of $26, and coffee fund expenses of $10. Record the journal entry to replenish the Petty Cash Fund.

Reference no: EM132042055

Questions Cloud

Discuss career counseling with respect to one minority group : Create up to a five minute video, using the "record/upload media" function in your discussion settings, discussing career counseling with respect.
What is the value of the company equity : What is the value of the company’s equity? What is the Debt-to-value ratio? What are the equity value and debt-to-value ratio if the company’s growth rate is 3%
Which option strategy would you pursue : You want to increase your return on this investment, but unwilling to take on any unnecessary risk. Which option strategy would you pursue?
Discuss one reason important for career counselors : Please discuss one reason it is important for career counselors to be culturally competent. In addition, discuss one way in which career counselors can show.
Record the journal entry to replenish the petty cash fund : UPS receipts for shipping doodles of $26, and coffee fund expenses of $10. Record the journal entry to replenish the Petty Cash Fund
Unlevered cost of capital for your new business : What will be a good estimate of your unlevered cost of capital for your new business?
Calculate the predetermined overhead rate for the year : Ilberg uses normal costing and applies overhead on the basis of direct labor cost. Calculate the predetermined overhead rate for the year
Emphasize how there are consequences related to changes : Emphasize how there are consequences related to changes in strategies and priorities and in the way the departments adjust.
Future spot exchange rate : Future spot exchange rate (in 30 days): the euro appreciated by 3% against both the pound and the dollar (show all work)

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