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Question: Waupaca Company establishes a $300 petty cash fund on September 9. On September 30, the fund shows $81 in cash along with receipts for the following expenditures: transportation-in, $33; postage expenses, $112; and miscellaneous expenses, $68. The petty cashier could not account for a $6 shortage in the fund. Gannon uses the perpetual system in accounting for merchandise inventory. Prepare journal entries for the following
1. The September 9 entry to establish the fund
2. The September 30 entry to both reimburse the fund.
3. An October 1 entry to increase the fund to $350.
companys suta tax rates based on its experience ratings are 3.2 in louisiana and 3.8 in florida. the taxable wage
Of the remaining 80% (the credit sales), 60% are collected in the month of sale, with remaining 40% collected in the following month. What is the total cash collected (both from accounts receivable and for cash sales) in the month of January?
Select an environmental problem that you can observe in your local community (i.e., air pollution, noise, traffic, waste disposal, water control, construction, crowding).
On December 31, 2007, Bert's Farm Store had the following account balances in its accounting system. All year-end adjustments had been entered, but the books had not yet been closed.
during the year inez had following transactions involving capital gains gain on the sale of unimproved land 3000 loss
Describe the purpose of Business Process Reengineering during the System Design phase.
at december 31 2013 parker petroleums liabilities include the following1. 22 million of 10 notes are due on march
Imagine your company is just beginning to branch out of the United States, and your CEO suggests that it might be good for your company to put its ethical standards related to SHRM in writing for the entire company.
Post journal entries for equity transactions and closing entries
Uncollectible accounts are determined by the percent-of-sales method to be 4% of credit sales. How much is uncollectible-account expense for 2014
Prepare a journal entry to account for the payment to the retiring partner including bonus to or from the remaining partners. Include a narration.
discuss how managerial accounting information could be used
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