A company set-up a petty cash fund with $800. The disbursements are as follows: $300 50 Office Supplies Shipping Postage Delivery Expense 30 $350 Answer the question below based on the above information To create the fund, which account should be credited? Postage Petty Cash Cash at Bank Supplies A company set-up a petty cash fund with $800. The disbursements are as follows: $300 Office Supplies Shipping Postage Delivery Expense 50 $350 Answer the question below based on the above information To create the fund, which account should be Debited? Postage Petty Cash Supplies Cash at Bank A company set-up a petty cash fund with $800. The disbursements are as follows: Office Supplies $300 Shipping 50 30 Postage Delivery Expense $350 Answer the question below based on the above information. To disburse funds, which account credited? Postage Petty Cash Cash at Bank Supplies Question du site A company set-up a petty cash fund with $800. The disbursements are as follows: $300 Office Supplies Shipping 50 Postage 30 $350 Delivery Expense Answer the question below based on the above information. To replenish the petty cash fund, the journal entry would include? Debit postage and credit cash Debit petty cash and credit Cash Credit cash and debit postage Credit pretty cash and debit Cash A company received cash sales of $15000. They also collected $43000 in receivables during the month. Answer questions 4 to 6 with this information. 5. What is the journal entry for the collection of the receivables? Debit Expense and Credit Cash Credit Expense and Debit Cash Debit Cash and Credit Accounts Receivable Debit Account Receivable and Debit Cash A company received cash sales of $15000. They also collected $43000 in receivables during the month. Answer questions 4 to 6 with this information. 5. What is the journal entry for the collection of the sales? Debit Sales and Credit Expense Credit Sales and Debit Expense Debit Sales and Credit Cash Debit Cash and Credit Sales Question 7 (10 points) A company received cash sales of $15000. They also collected $43000 in receivables during the month. Answer questions 4 to 6 with this information. 6. If the sales received were all made by credit cards with a fee of 1.25%, what would be the journal entry for cash? 187.50 Credit 187.50 Debit 14,821.50 Credit 14,821.50 Debit A company writes a check but does not have enough money to cover the balance. What fee might the bank assess the company in this case? Deposit Fee Expense overage Fee Reconciliation Fee Non sufficient Fund Fee A company writes a check but does not have enough money to cover the balance. What is the journal entry for the charge assessed by the bank? Credit Expenses and Debit Cash Credit Service Charge Fee and Debit Cash Debit Service Charge fee and Credit Cash Debit Expenses and Credit Cash An employee has been stealing funds from the company for years. Which of the following control methods would have most likely uncovered this sooner? Set-up a petty cash fund Audit the supply account Close a petty cash fund Complete a bank reconciliation