Question
NEED HELP ASAP Question 28 On March 1, Hsu Imports established a petty cash fund of $325. The journal entry to record the replenishment of
NEED HELP ASAP
Question 28
On March 1, Hsu Imports established a petty cash fund of $325. The journal entry to record the replenishment of the fund for $290 at the end of March includes:
No journal entry is required; journal entries are only needed when the petty cash fund is created or discontinued | ||
A debit to Petty Cash of $290. | ||
A credit to Cash of $290. | ||
A debit to various expense of $35. |
3 points
Question 29
The entry to replenish a petty cash fund includes a credit to
Petty Cash. | ||
Cash. | ||
Freight-in. | ||
Postage Expense. |
3 points
Question 30
A bank may issue a credit memorandum for
a bank service charge. | ||
an NSF (not sufficient funds) check from a customer. | ||
the collection of a note receivable for the depositor by the bank. | ||
the cost of printing checks. |
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