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TOOLS VIEW Accounting Il Final Assignment Protected View - Word ROTECTED VIEW Be careful-Iles from the Internet can contain viruses. Unless you need to edit,
TOOLS VIEW Accounting Il Final Assignment Protected View - Word ROTECTED VIEW Be careful-Iles from the Internet can contain viruses. Unless you need to edit, it's sales to stay in Protected View Emble Editing X A petty cash fund was originally established with a check for $150. In the petty cash fund on December 31 (the period end). you find the following: Petty cash receipts:Postage $43.50 Office supplies 51.85 Office equipment repair 49.00 Cash 4.25 Prepare the general journal entry to record the replenishment of the petty cash fund on December 31. Question Three: (ILOs: 1.3, 2.4, 3.4) At the end of year 2016, Kazem Company estimated and recorded its bad debts expense as 0.5% of its annual credit sales of 900,000 off. However, on June 5, Alaa Company unexpectedly paid the amount previously written off. Prepare the journal entries of Kazem to record these transactions and events of December 31, February 1, and June 5. Question Four: (ILOs: 1.4, 2.5, 3.5) Zizi Company installed a computerized manufacturing machine in its factory at the beginning of the year 2016 at a cost of 90,000 EGP The useful life of the machine is estimated at 10 years, or 160,000 units of product, with a 10,000 EGP salvage value. During the second year, the machine produces 25,000 units of product. Determine the machine's second year depreciation using the units-of-production method
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