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Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Using the above information, determine the adjusted cash balance for March. a.
Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Using the above information, determine the adjusted cash balance for March. a. $15,500 b. $7,500 c. $16,725 d. $12,225 Given the following information, which company could survive the longest if it experienced a significant decline in revenues? a. Company Y b. Company W c. Company X d. Company Z A$100 petty cash fund has cash of $20 and receipts of $82. The journal entry to replenish the account would include a a. credit to Cash Short and Over for $2. b. credit to Petty Cash for $82. c. debit to Cash for $80. d. credit to Cash for $82. Entries are made to the petty cash account when a. decreasing the established amount of the petty cash fund. b. making payments out of the fund. c. recording shortages in the fund. d. replenishing the fund. The term cash does not include a. money on deposit that is available for unrestricted withdrawal. b. checks. c. money orders. d. notes receivable
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