What would be included in the entry to replenish the fund

Assignment Help Accounting Basics
Reference no: EM133017670

Question - A petty cash fund was established with a $350 balance. It currently has cash of $40 and petty cash tickets totaling $310. What would be included in the entry to replenish the fund?

A. a debit to various expenses for $310

B. a debit to Petty Cash for $40

C. a credit to Cash for $40

D. a credit to Petty Cash for $310

Reference no: EM133017670

Questions Cloud

What is the income tax result for Martin : The surgery is unsuccessful, and after Cody's death, Martin sells the stock for $800,000. What is the income tax result for Martin
What is the after-tax cash flow that company must consider : What is the after-tax cash flow that the company must consider for Year 5 in its capital budgeting analysis of the project using a 30% effective income tax rate
SHR036-6 Accounting for Leaders Assignment : SHR036-6 Accounting for Leaders Assignment Help and Solution, University of Bedfordshire - Assessment Writing Service
How much do they need to deposit today to meet their goal : The couple feels they can make 6% after-tax return annually in a 529 education fund. How much do they need to deposit today to meet their goal
What would be included in the entry to replenish the fund : Question - A petty cash fund was established with a $350 balance. What would be included in the entry to replenish the fund
By how much would EPS increase : A company has a DOL of 2.0 and EBIT of $100,000. The company pays interest of $20,000. By how much would EPS increase if the sales increase by 10%
What is capital structure that has lowest cost of capital : If the income tax rate is 35%, what is the capital structure that has the lowest cost of capital
Explain competitive strategy in terms : Explain competitive strategy in terms of the five options. Also, give an example of how companies in the same industry compete
Evaluate the true magnitude of the problem : Evaluate the true magnitude of the problem the supervisor has selected a random sample of 20 rooms each over a ten-week period.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain actions that the auditors could have taken

The CIMD bank refused to grant Zenrich the desired loan, Explain actions that the auditors could have taken to prevent such a legal action from arising

  Installation of the new irrigation system

Evaluate whether ABC Wines should go ahead with the installation of the new irrigation system and whether they should use the purchase or the lease option and explain the primary ways in which finance leases differ from operating leases.

  Eliminate the clients potential tax liability

Imagine that you are a tax preparer and your client has asked for your help in mitigating or eliminating the potential estate tax liability for the property that the client owns so that he/she may pass it on to his/her heirs.

  Amount of net accounts receivable

What is the amount of net accounts receivable before and after the write-off?

  What will be the inventory balance

GCQ Company based on a physical count made reported an inventory balance of P8,000,000. What will be the inventory balance

  What amount is the balance of investment in pen inc

Faye Co. owned 20% of Pen Inc.'s preference share capital and 50% of the ordinary share capital. What amount is the balance of Investment in Pen Inc

  Difference between equity value and enterprise value

What is the difference between equity value and enterprise value? How and why should any entrepreneur consider a systematic liquidation of a business?

  Prepare an installment payments schedule

Talkington Electronics issues a $413,500, 4%, 15-year mortgage note on December 31, 2016. Prepare an installment payments schedule for the first 4 year

  Determine the current average cost per meal

Determine the current average cost per meal. Compute the net advantage (disadvantage) of accepting the contract. ow do you think the owner arrived at the $0.75?

  Prepare the journal entry to record item

Loxley Corporation is authorized to issue 50,000 shares of $10 par value common stock. During 2010, Loxley took part in the following selected transactions.

  List the headings of a process cost summary

List the headings of the three major sections of a process cost summary. Refer to Exhibit.

  Determining computer forsenics

A 14- year old girl is missing after having an argument with her parents. They call the police at midnight on May 28. A police investigator shows up within 30 minutes to interview them and finds out that the girl spent a lot of time on the interne..

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