A petty cash fund was established with a \\( \\$ 550 \\) balance. It currently has cash of \\( \\$ 85 \\) and petty cash tickets as shown below: Which of the following would be the joumal entry to replenish the Petty Cash account? credit Petty Cash \\$465; debit Cash \\$465 debit various expenses \\$465; credit Petty Cash \\( \\$ 465 \\) debit Cash \\$85: credit various expenses \\( \\$ 85 \\) debit various expenses \\$465; credit Cash \\( \\$ 465 \\) A company has the following inventory information and uses the periodic system: The company uses the FIFO method of inventory costing. What is the ending merchandise inventory? \\( \\$ 70 \\) \\( \\$ 60 \\) \\( \\$ 59 \\) \\( \\$ 49 \\) The ending merchandise inventory for the current accounting period is overstated by \\( \\$ 10,000 \\). What will be the effect of this error? The cost of goods available for sale for the current accounting period will be overstated by \\( \\$ 10,000 \\). Gross Protit for the current period will be understated by \\( \\$ 10,000 \\). Gross Profit for the current period will be overstated by \\( \\$ 10,000 \\). The cost of goods available for sale for the current accounting period will be understated by \\( \\$ 10,000 \\). The cash ratios of four companies are listed below. Which company has the highest ability to repay its current liabilities? Juan Corp. Freelance, Inc. Rose, Inc. Pioneer Corp. Williams, Inc, provided the following account balances for 2024: Calculate the average number of days that inventory was held by Williams, Inc. during 2024. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.) 55.39 days 34.47 days 110.94 days 20.95 days