« previous next »

Author Question: A 200 petty cash fund has cash of 20 and receipts of 177 . The journal entry to replenish the ... (Read 149 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jul 5, 2018
A 200 petty cash fund has cash of 20 and receipts of 177 . The journal entry to replenish the account wouldinclude a credit to
 a. Cash for 20
  b. Cash Over and Short for 3
  c. Petty Cash for 190
  d. Cash for 180

Question 2

On November 1, 2011, The Mane Event, Inc. borrowed 40,000 from a local bank for 24 months at 11 annual interest. Both principal and interest are due when the note matures. Which statement below is TRUE?
 
  A) The note is a current-term liability on the balance sheet at Dec. 31, 2011.
  B) The note is a long-term liability on the balance sheet at Dec. 31, 2012.
  C) The transaction represents an investing activity.
  D) The transaction represents a financing activity.


momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Four entry sites for laproscopic cholecstectomy. Four entry sites for laproscopic cholecstectomy.
Entry level nurse competencies Entry level nurse competencies
The four routes of entry into the human body for hazardous materials. The four routes of entry into the human body for hazardous materials.
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check Medical Hot Zone Entry Exclusion Criteria During Pre-Entry Check
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library