On March 20, Batavia's petty cash fund of $100 is replenished when the fund contains $9 in
Question:
On March 20, Batavia's petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage $52, freight-out $26, and travel expense $10. Prepare the journal entry to record the replenishment of the petty cash fund.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Mar 20 Postage Expens...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1119491057
8th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Question Posted:
Students also viewed these Cost Accounting questions
-
On March 20, Terrells petty cash fund of $100 is replenished when the fund contains $7 in cash and receipts for postage $52, freight-out $26, and travel expense $10. Prepare the journal entry to...
-
On March 20, Palaszs petty cash fund of $100 is replenished when the fund contains $19 in cash and receipts for postage $40, supplies $26, and travel expense $15. Prepare the journal entry to record...
-
On March 20, Tobys petty cash fund of $100 is replenished when the fund contains $7 in cash and receipts for postage $52, freight-out $26, and travel expense $10. Prepare the journal entry to record...
-
On the accompanying graph, draw the consumption function C = $200 + 0.75YD. (a) At what level of income do households begin to save? Designate that point on the graph with the letter A. (b) By how...
-
Given B = x (z - 3y) + y(2x -3z) - z(x + y), find a unit vector parallel to B at point P(1, 0, -1)
-
A fitness magazine claims that the mean cost of a yoga session is no more than $14. You work for a consumer advocacy group and are asked to test this claim. You find that a random sample of 32 yoga...
-
(Target Costing) Driftwood Industries currently sells coffee tables for \($450\) each. It has costs per table of \($330.\) A new competitor is opening in the same mall as Driftwood and offers a...
-
The Carolina Cougars is a major league baseball expansion team beginning its third year of operation. The team had losing records in each of its first 2 years and finished near the bottom of its...
-
K insurance (private or government) in 2018. Approximate the mean and standard deviation Age Number (millions) 25-34 35-44 45-54 55-64 20.3 33.5 39.6 26.2 =11 (Type an integer or decimal rounded to...
-
Marfar Industries produces metal stamping equipment. The company expanded vertically several years ago by acquiring Bent Press Company, one of its suppliers. Marfar decided to maintain Bent's...
-
Raglan Company's balance sheet shows Inventory $162,800. What additional disclosures should be made?
-
Rick Baden is uncertain about the applicability of the cost principle to plant assets. Explain the principle to Rick.
-
Even though payroll and fixed asset processes may not be as routine as revenue processes, why are they just as important?
-
_____ measures the psychological traits or characteristics of applicants to determine suitability for performance in a specific type of job.
-
What trade-offs are involved in the use of returnable racks?
-
Should candidate interviews even be done, since they have low validity? Why, or why not? Would you limit them in some ways, and if so, how?
-
What is the primary purpose of bar coding in packaging? 1s the role of bar coding different in materials handling?
-
_____ is an assessment instrument designed to determine whether you have the ability to apply a particular knowledge set.
-
Open the Magazine Solution (Magazine Solution.sln) file contained in the VB2015\ Chap13\Magazine Solution-Intermediate folder. The application is connected to the Magazines database, which is stored...
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
What is the normal balance for each of the following accounts? (a) Accounts Receivable. (b) Cash. (c) Owners Drawing. (d) Accounts Payable. (e) Service Revenue. (f) Salaries Expense. (g) Owners...
-
Indicate whether each of the following accounts is an asset, a liability, or an owners equity account and whether it has a normal debit or credit balance: (a) Accounts Receivable, (b) Accounts...
-
For the following transactions, indicate the account debited and the account credited. (a) Supplies are purchased on account. (b) Cash is received on signing a note payable. (c) Employees are paid...
-
Majestic Corporation began the year with accounts receivable, inventory, and prepaid expenses totaling $63,000. At the end of the year, Majestic had a total of $77,000 for these current assets. At...
-
Goshford Company produces a single product and has capacity to produce 155,000 units per month. Costs to produce its current sales of 124,000 units follow. The regular selling price of the product is...
-
The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fiscal year: Cash Customer accounts receivable Allowance for uncollectible...
Study smarter with the SolutionInn App