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1 The entry establishing a $175 petty cash fund would include a:a) debit to cash for $175b) credit to Petty cash for $175c) debit to petty cash for $175d) debit to miscellaneous expense for $175
2 Riley's Limousines' entry to establish a $75 petty cash fund for the office would include a:a) debit to cash for $75b) credit to petty cash for $75c) credit to cash for $75d) debit to office expense for $75
3. Samanth's tutoring service's $200 petty cash fund has a shortage of $4. The facts are: 80 in valid receipts for expenses; $116 in coins and currency. The journal entry to replenish the petty cash fund wouldi nclude a:a) credit to cash for $80b) credit to petty cash for $84c) credit to cash short/over for $4d) debit to cash short/over for $4.
4. a petty cash fun which was established at $50. contains an actual cash count of $20 and valid receipts for $40. The entry to replenish the fund would include a:a) credit to cash for $30b) credit to cahs for $40c) credit to petty cash for $30d) debit to petty cash for $40
5) the bank statement included bank charges. On the bank reconciliation, the item is:a) an addition to the balance per company bookb) an addition to the balance per bank statementc) a deduction from the balance per bank statementd) a deduction from the balance per company books
You are a Senior Financial Manager in the recently privatised Sodor Railway Engineering Corporation Plc (SREC). (a) Subsequent to privatisation the Chief Executive Officer of SR
How many full-time members are on the Public Company Accounting Oversight Board (PCAOB)?
1. What cost flow assumption does the company use to value inventories? 2. What was the amount of expense that the company reported for inventory write-downs during 2011? 3
APPLICATION FOR GRANT 1) An application for a grant of representation ("representation" means the probate of a will or the grant of letters of administration) is made in such a
Q. Evaluate Value of rights per existing share? Rights issue price = 4·00 × 0·85 = $3·40 Theoretical ex rights price = ((5 × 4·00) + 3·40)/6 = $3·90 Value of rights per e
The Brownstone Corporation's bonds have 7 years remaining to maturity. Interest is paid yearly, the bonds have a $1,000 par value, and the coupon interest rate is 10%. a.
The following table represents the demand for a product for the years 1990 to 2007: a. Develop a linear trend line and use it to predict the quantity demanded for 2008,
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Current analysis You will need about $150,000 in start-up costs but you can only borrow half of that amount from your family's home equity (at 13% interest). You will have to b
tyoes of assets
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