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help please 1. Joe is in charge of the Petty Cash fund of $200 for the zyz Company, Sally, the Office Manager has a receipt
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1. Joe is in charge of the Petty Cash fund of $200 for the zyz Company, Sally, the Office Manager has a receipt for pizza and soda totaling $35.00 for "Office Lunch" for the staff. She gives Joe the receipt and he gives her the $35.00. Joe also pays for a dinner out for the staff for $120.00. When the Petty Cash Fund goes below $100.00, Joe must put in a check request to replenish the Petty Cash Fund back to $200.00 What is the journal entry to record these Petty Cash reimbursements? DR CR 2. Please describe the following "INVENTORY METHODS?" L.L.F.O. - WEIGHTED AVERAGE F.L.F.O.- J.LT 3. The following three identical units of ITEM "A" are purchased during the Month of April April 2 ITEMA 1 UNIT COST-$50 April 12 ITEMA 1 UNIT $60 April 24 ITEMA 1 UNIT $70 Assume that one unit is sold on April 27 for $110. Determine the GROSS PROFIT and ENDING INVENTORY for the Month of April using the following methods FIFO LIFO WEIGHTED AVERAGE GROSS ROFIT GROSS ROFIT GROSS ROFIT ENDING INV ENDING INV ENDING INV Step by Step Solution
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