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45. A company established a petty cash fund of S100 on September 1. On September 10, the petty cash fund was replenished when there was

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45. A company established a petty cash fund of S100 on September 1. On September 10, the petty cash fund was replenished when there was $16 remaining and there were petty cash receipts for: office supplies, $27; courier, $32; and postage, $22.On September 15, the petty cash fund was increased to S125 in total. Record the above transactions in general journal form. The following information is available for the Avisa Company for the month of November a. On November 30, after all transactions have been recorded, the balance in the company's Cash account has a balance of $27,202. b. The company's bank statement shows a balance on November 30 of $29,279 c. Outstanding checks at November 30 include check #3030 in the amount of $1,525 and check #3556 in the amount of $1,459. d. A credit memo included with the bank statement indicates that the bank collected $780 on a noninterest- bearing note receivable for Avisa. The bank deducted a S10 collection fee and credited the remainder of $770 to Avisa's account. e. A debit memo included with the bank statement shows a $67 NSF check from a customer, J. Brown. f. A deposit placed in the bank's night depository on November 30 totaled $1,675 and did not appear on the bank statement. g. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,450 but was recorded in the accounting records as $2,540 h. Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company's books. 46. Based on the above information, prepare the November bank reconciliation for the Avisa Company. entory valuation method assigns a value to the inventory on the balance sheet that approximates 23. Which inv current cost and also mimics the actual flow of goods for most businesses? A. FIFO B. Weighted average C. LIFO D. Specific identification E. All of the above

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