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ALL ENTRIES ARE FOR FARROTECH ONLY 1) Farrotech setup a Petty Cash fund for $300...

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Accounting

imageimageimage ALL ENTRIES ARE FOR FARROTECH ONLY 1) Farrotech setup a Petty Cash fund for $300 on August 1st, 2020. On August 31st 2020, Farrotech Petty Cash fund balance is at $5. Record entry to replenish the fund, if expenses were the following: Meals \& Entertainment $120, Postage $80, and Travel \$98. 1) You are going to debit Meals \& Entertainment for the amount of debit Postage Expense for the amount of , debit Travel Expense for the amount of 1a) Also you will debit or credit Cash for the amount of 1b) Also you will debit or credit Cash Over or Short for the amount of ALL ENTRIES ARE FOR FARROTECH ONLY On August 1st 2020, Farrotech establishes a Petty Cash Fund for $300. Record the entry to establish the fund ALL ENTRIES FOR FARROTECH ONLY 1) The ledger at the end of the year December 31st, 2020 for Farrotech is showing Accounts Receivable at $200,000. If Allowance for Doubtful Accounts has a credit balance of $6,500, post a journal entry at December 31 st, assuming bad debts are expected to be 10% of Accounts Receivable. 1) You will debit account for the amount of and credit account

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