Havermill co. establishes a $420 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $90 for office supplies, $171 for merchandise inventory, and $39 for miscellaneous expenses. the fund has a balance of $120. on october 1, the accountant determines that the fund should be increased by $84. the journal entry to record the establishment of the fund on september 1 is:

 debit cash $420; credit petty cash $420

.  debit petty cash $420; credit accounts payable $420.

 debit miscellaneous expense $420; credit cash $420

.  debit petty cash $420; credit cash $420

.  debit cash $420; credit accounts payable $420.

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.

If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?