Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

on 39 A $100 petty cash fund has cash of $19 and receipts of $84. The journal entry to replenish the account would include a

image text in transcribed

image text in transcribed

on 39 A $100 petty cash fund has cash of $19 and receipts of $84. The journal entry to replenish the account would include a credit to ed out of g question Select one: a. The answer does not exist O b. Cash for $85. C. Cash for $91. d. Petty Cash for $85. e. Cash Over and Short for $6. c tion 40 et A company has net credit sales of $750,000 for the year and it estimates that uncollectible accounts will be 3% of sales. If Allowance for Doubtful Accounts has a credit balance of $3,000 prior to adjustment, its balance after adjustment will be a credit of Tered ked out of Flag question Select one: a. $19,500. b. $22,500. C. The answer does not exist d. $25,800. c e. $22,560

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

Accounting A Systems Approach

Authors: Alison Warman, Jeff Davies

1st Edition

1861520379, 978-1861520371

More Books

Students also viewed these Accounting questions

Question

What would you do?

Answered: 1 week ago