1. Assume that the custodian of a $690 petty cash fund has $142.50 in coins and currency plus $526.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include

2. Docs Ribhouse had beginning equity of $52,000; net income of $35,000, and dividends of $12,000. There were no stockholder investments during the year. Calculate the ending equity.

3. On December 1, Milton Company borrowed $300,000, at 8% annual interest, from the Tennessee National Bank. Interest is paid when the loan matures one year from the issue date. What is the adjusting entry for accruing interest that Milton would need to make on December 31, the calendar year-end?

4. Billington Corp. borrows $80,000 cash from Second National Bank. How does this transaction affect the accounting equation for Billington?