Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. a petty cash fund had $200 and the cash payment

1. A petty cash fund had $200 and the cash payments report shows $300 in...

70.2K

Verified Solution

Question

Accounting

image

1. A petty cash fund had $200 and the cash payments report shows $300 in miscellaneous expenses and $30 cash left. This means that the fund is (short or over ) by $ 2. On July 15 , TechCom has $200 of credit card sales with a 4% fee. Please construct a journal entry for such transaction

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Each question refers to the same initial data. Treat each Part individually. Ignore income taxes. Assume...

Psychology
1.2K views

Write a brief letter (three to four paragraphs) about love and leadership to the “Church.” Write...

Accounting
1.2K views

Multiple Choice Question 147 Swifty Corporation issues 2600, 10-year, 6%, $1000 bonds dated January 1, 2018, at...

Physics
1.2K views

The K E of a person is just half of K E of a boy...

Physics
1.2K views

An inventor claims that when temperature of source and sink are 127 C and 27...

Geometry
1.2K views

The Leaning Tower of Pisa currently leans at a 4 angle from vertical and has...

Basic Math
1.2K views

Graph the solution of the system of linear inequalities.3x-2y ? 6y ? -3

Accounting
1.2K views

Break-even sales and sales to realize operating income For the current...

Accounting
1.2K views

Sherrod, Incorporated, reported pretax accounting income of $100 million for 2024 . The following information...

Accounting
1.2K views

Pregunta 24 McKinley Company posee 15.000 de las 50.000 acciones ordinarias en circulacin de...

Accounting
1.2K views

LaMont works for a company in downtown Chicago. The company encourages employees to use public...

Accounting
1.2K views

3. If a company's bonds bear an interest rate of 8%, the tax rate is...