Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need some help with these 3 accounting quesitons for my homework Journalize the entries to record the following: Sept. 1 Established a petty cash fund

Need some help with these 3 accounting quesitons for my homework

image text in transcribed

Journalize the entries to record the following: Sept. 1 Established a petty cash fund of $350. The amount of cash in the petty cash fund is now $130. The fund is replenished based on 30 the following receipts: office supplies, $116; postage, $100. Record any discrepancy In the cash short and over account. If an amount box does not require an entry, leave it blank. Groceries R Us, Inc. reported the following data in its annual report. What is the company's "cash burn" per month? $ per month What is the company's ratio of cash to monthly cash expenses? months Match the following elements of internal control

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Control And Internal Audit In Non Profit Organizations A Practical Model

Authors: Kamal Bayramov

1st Edition

6203464015, 978-6203464016

More Books

Students also viewed these Accounting questions

Question

explain what is meant by experiential learning

Answered: 1 week ago

Question

identify the main ways in which you learn

Answered: 1 week ago