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Please answer question 7-13 7. All expenses are recorded in the appropriate expense account as a a. Debit b. Credit 8. All decreases in assets
Please answer question 7-13 7. All expenses are recorded in the appropriate expense account as a a. Debit b. Credit 8. All decreases in assets are recorded in the appropriate asset account 9. All decreases in liabilities are recorded in the appropriate liability 10. The sum of the petty cash vouchers and the money in the petty cash drawer should as a a. Debit b. Credit account as a a. Debit b. Credit a. b. c. The original amount of the petty cash fund The amount of the items purchased The amount to be repaid to the petty cash fund 11. Determine the amount of cash short or over for the following Beginning Cash Balance: $100 Total of Cash Receipt Journal: Total of Cash Disbursements Journal: Actual Cash on hand $2,000 $500 $1,601 a. Over $1.00 b. Short $1.00 c. Over $10.00 d. Short $10.00 12. Determine the amount of cash short or over for the following: Beginning Cash Balance: Total of Cash Receipt Journal: Total of Cash Disbursements Journal: Actual Cash on hand $454.25 $2,457.20 $1,805.92 $1,102.51 a. Short $3.12 b. Over $3.12 c. Short $3.02 d. Over $3.02 13. The final due date for 2/10 net 30 is a. 2 weeks b. 10 days c. 30 days d. Upon receipt e. None of the above
Please answer question 7-13
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