Use the data in Exercise 8-9. What entry would have been required if the amount of coin
Question:
Use the data in Exercise 8-9. What entry would have been required if the amount of coin and currency had been $247.20? Which of the accounts debited would not appear in the income statement? kj56
Transcribed Image Text:
Dec. 2 The petty cash fund was increased to $1,350. 8 Petty Cash Voucher No. 318 for $14.20 delivery expense was prepared and paid. The fund was not replenished at this time. 20 Prepare any necessary journal entries for these transactions. The company decided that the fund was too large and reduced it to $1,120.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting A Business Perspective
ISBN: 9780075615859
7th Edition
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
Question Posted:
Students also viewed these Business questions
-
Could you finish this for me? I made it to page 5, but I am running short on time and my conceptualization is lacking. If not, maybe help me figure it out? Annual Report Project Lowe's Companies,...
-
Could you finish this for me? I made it to page 5, but I am running short on time and my conceptualization is lacking. If not, maybe help me figure it out? Annual Report Project Lowe's Companies,...
-
This is my accounting 221 homework, please help!!!!!! attached There are two problems this week covering the equity section of the balance sheet. Click the tab at the bottom of the screen when you...
-
The Qantas Group includes a sustainability report in its annual report. What key performance indicators are included in this report? Explain the different stakeholders that would be interested in...
-
Use the probability distribution you made in Exercise 20 to find the probability of randomly selecting an employee whose overtime is (a) Two or three hours, (b) Three hours or less, (c) Between two...
-
1. What did these two partners want the court to do? 2. Did they ask the court to dissolve the partnership? 3. What did the court decide?
-
Its still early We expect that a baseball player who has a high batting average in the first month of the season will also have a high batting average the rest of the season. Using 66 Major League...
-
Purse Corporation owns 70 percent of Scarf Companys voting shares. On January 1, 20X3, Scarf sold bonds with a par value of $600,000 at 98. Purse purchased $400,000 par value of the bonds; the...
-
For several years, Paul has been a commission salesperson working for a company that sells technology solutions to businesses. For 2019, he earned a base salary of $180,000 plus commissions based on...
-
Account for uncollectible accounts receivable under the allowance method, pg75
-
Prepare a bank reconciliation for Holder Company as of October 31. Also prepare any neces- sary journal entry or entries. kj56
-
How many grams of potassium chloride, KCl, will it take to prepare a saturated solution in 500.0 mL of boiling water? (The solubility of KCl at 100 C is 56.7 g/100.0 g water; assume the density of...
-
In an air-pollution study performed at an experiment station, the following amount of suspended benzenesoluble organic matter (in micrograms per cubic meter) was obtained for eight different samples...
-
The figure shows a sketch of the curve with equation y = f(x). The curve passes through the points (0, 3) and (4, 0) and touches the x-axis at the point (1, 0). On separate diagrams, sketch the...
-
An object is placed \(200 \mathrm{~mm}\) from a diverging thin lens that has a focal length of \(-500 \mathrm{~mm}\). What are (a) the image distance and \((b)\) the magnification? (c) Draw a...
-
In a study of warp breakage during the weaving of fabric (Technometrics [1982]: 63), 100 pieces of yarn were tested. The number of cycles of strain to breakage was recorded for each yarn sample. The...
-
Many consider family-owned businesses the backbone of American business. Mei Mei translates from Chinese to little sister in English, and its name aptly represents a family business of three...
-
TopCap Co. is evaluating the purchase of another sewing machine that will be used to manufacture sport caps. The invoice price of the machine is $208,000. In addition, delivery and installation costs...
-
Subprime loans have higher loss rates than many other types of loans. Explain why lenders offer subprime loans. Describe the characteristics of the typical borrower in a subprime consumer loan.
-
The market price of a semi-annual pay bond is $979.86. It has 21.00 years to maturity and a yield to maturity of 7.34%. What is the coupon rate? Submit Answer format: Percentage Round to: 0 decimal...
-
Lakeland Inc. manufactured 2,500 units during the month of March. They incurred direct materials cost of $58,000 and overhead costs of $40,000. If their per-unit prime cost was $32.00 per unit, how...
-
Present Value Computations Using the present value tables, solve the following. ( Click here to access the PV and FV tables to use with this problem. ) Round your answers to two decimal places....
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App