A company set up a petty cash fund with $800. The disbursements are as follows:

Office supplies $300

Shipping $50

Postage $30

Delivery expense $350

1. To create the fund, which account should be debited?

A. Supplies

B. Petty Cash

C. Cash at bank

D. Postage

2. To disburse funds, which account credited?

A. Supplies

B. Cash at bank

C. Postage

D. Petty cash

3. To replenish the petty cash fund, the journal entry would include?

A. Credit petty cash and debit cash

B. Debit postage and credit cash

C. Credit cash and debit postage

D. Debit petty cash and credit cash

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.