Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $31 in cash along w/ receipts for the following expenditures: postage, $49; transportation-in, $10; delivery expenses, $12; and miscellaneous expenses, $38. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entry to establish the fund on January 1, reimburse it on January 8, and reimburse the fund and increase it to $190 on January 8, assuming no entry in part 2. (Hint: make 2 separate entries for part 3).1) Record the journal entry to establish the petty cash fund.2) Record the reimbursement of the petty cash fund.3) Record the increase of the petty cash fund.
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Business, 21.06.2019 18:00
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Business, 22.06.2019 11:00
Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is
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Business, 23.06.2019 00:50
Janis owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in her cash register from falling too quickly, janis sends an employee to the bank four times per day to make deposits in a interest-bearing account that protects the store's revenues from the effects of inflation. this is an example of the (menu costs/ unit of account costs/ shoesleather costs) of inflation. pick one
Answers: 3
Business, 23.06.2019 08:20
According to the balanced budget multiplier, an increase in government spending of $10,000 that is financed by an increase of $10,000 in taxes will have what effect on the economy when mpc is 0.80?
Answers: 1
Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $31 in cas...
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