Which is not recorded when recognizing expenditures

Assignment Help Financial Accounting
Reference no: EM132995078

Question - At the time a $450 petty cash fund is being replenished, the company's accountant finds vouchers totaling $400 and petty cash of $50. The vouchers include: postage, $90; business lunches, $135; delivery fees, $130; and office supplies, $45. Which of the following is not recorded when recognizing expenditures from the petty cash fund?

Reference no: EM132995078

Questions Cloud

Draw a entity relationship diagram of database : Using the information given and the derived business rules, draw a Entity Relationship Diagram of your database. List all the entities required in your database
Calculate break-even point in square metres : Calculate break-even point in square metres for FeatherTouch at the two price points mentioned in the case study
What is the opportunity costs to smoking cigarettes : Is there a better alternative to smoking cigarettes, especially in the economic times we are in today? What is the opportunity costs to smoking cigarettes?
What was the cost of the units remaining in inventory : On November 8, it sold 18 units for $54 each. Using the LIFO inventory method, what was the cost of the 3 units remaining in inventory
Which is not recorded when recognizing expenditures : At the time a $450 petty cash fund is being replenished, Which of the following is not recorded when recognizing expenditures from the petty cash fund
What about if lived in a desert : Economically speaking, do you think water is scarce? If you live next to the ocean, is water still scarce? What about if you lived in a desert?
What incentive conflict being controlled by loyalty payments : Intel made large loyalty payments to HP in exchange for HP buying most of their chips. What incentive conflict was being controlled by these loyalty payments?
What pretax amounts did s-l include in its net income : On December 27, 2021, S&L purchased Coca-Cola bonds at par for $325,000. What pretax amounts did S-L include in its net income
Assess the likelihood of government : Suggest specific strategies that relevant entities/stakeholders may use to address the selected issues from an economic perspective. Justify your response.

Reviews

Write a Review

Financial Accounting Questions & Answers

  How many units must be sold to achieve the target profit

Calihan Company has a product contribution margin of $50. The fixed costs are $300,000. Calihan Company desired a target profit before taxes of $150,000 per year. How many units must be sold to achieve the target profit?

  Describe in detail a hero journey for the leader

Describe in detail a ‘Hero's Journey' for the leader. Include all stages. Who are the main characters, that helped the leader on his journey?

  Which failure to make adjusting entry to recognize utilities

Failure to make an adjusting entry to recognize utilities payable would cause which of following? No effect on assets, liabilities, net income, or stockholder

  Making an in investment based on present worth

name three of the fundamental principles of engineering economics.what is the decision rule for making an in investment based on present worth

  What are the important items on the income statement

If you had to analyze the non-consolidated accounts of a holding company of several industrial participations, which profit level would you focus on?

  Evaluate the estimated cost of ending inventory

Evaluate the estimated cost of ending inventory using Gross Profit Method, if markup percentage is 20 % on cost and Conventional Retail Method

  Estimate what is the? bonds yield to? maturity

9 percent annual? interest, but makes interest payments on a semiannual basis ?(4.5 percent? semiannually). What is the? bond's yield to? maturity?

  How many years are there until the bond matures

Beam Inc. bonds are trading today for a price of $1,527.14. The bond pays annual coupons with a coupon rate of 9% and the next coupon is due in one year. The bond has a yield to maturity of 3.23%. How many years are there until the bond matures? The ..

  Prepare a report for presentation to the class

Assume that you are planning to purchase a 55-inch LED, LCD flat-screen television. Prepare a report for presentation to the class

  How the capital investments by firms should offer

How the Capital investments by firms should offer rates of return? At least as high as those available in financial markets at the same level of risk.

  Construct a flexible budget for hospitals electricity costs

Construct an Excel spreadsheet to solve the preceding requirement. Show how the solution will change if the following information changes: actual output was 13,350 cases, and actual variable overhead was $609,000.

  Describe the elements of the principle of indefeasibility

Describe the elements of the principle of indefeasibility of title and identify why this principle is important in the context of lending and mortgages.

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