The T-accounts below summarize the ledger of Marin Inc. at the end of the first month of operations. Cash
Apr. 1 15,500 Apr. 15 490
Apr. 12 730 Apr. 25 3,800
Apr. 29 570
Apr. 30 820

Accounts Receivable
Apr. 7 4,300 Apr. 29 570
Supplies
Apr. 4 7,500
Accounts Payable
Apr. 25 3,800 Apr. 4 7,500

Unearned Service Revenue
Apr. 30 820
Common Stock
Apr. 1 15,500
Service Revenue
Apr. 7 4,300
Apr. 12 730
Salaries and Wages Expense
Apr. 15 490

Required:
Prepare the journal entries that resulted in the amounts posted to the accounts.

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest.the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed.what control allowed the fraud to occur?

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?