Bramble Supplies has an established petty cash fund of \$123. At the replenish date of June 20, the petty cash fund has $15 cash and receipts for postage $25, office supplies $30, and miscellaneous $27. Bramble also decided at the replenishment date to increase the petty cash fund by $34 to a total fund of $157. What would be the required debit to Petty Cash in the entry on June 20? a. $116 b. $108 c. $142 d. 534 At December 31, 2024, Waterway Equipment Ltd. has gross accounts receivable of $127000. There is a $10100 credit balance in the allowance for doubtful accounts. Management estimates bad debts to be 15% of accounts receivable, The allowance for doubtful accounts at December 31,2024 is a. $10100, b. $17535. C. $19050. d. $1515. A trial balance shows a prepaid rent balance of $24,000. This amount is the cost for 12 months of rent and was paid October 1. What will the December 31 adjusting entry be? Marked out of 0.20 frog question a. debit Prepaid Rent $6,000 and credit Rent Expense $6,000. b. debit Rent Expense $18,000 and credit Prepaid Rent $18,000 c. debit Rent Expense $6,000 and credit Prepaid Rent $6,000 d. debit Prepaid Rent $24,000 and credit Cash $24,000. According to the January 31,2024 , physical inventory count, Sandhill Company has $28000 in inventory on hand at year end. In addition, at year end the company has $1200 of merchandise in transit purchased from a supplier and shipped FOB shipping point. Included in the physical inventory count was $810 of goods held on consignment for a local manufacturer. How much inventory should be reported on the company's January 31, 2024, balance sheet? a. $27190 b. $28390 c. $28000 d. $29200 Uestion 10 sotyet Keswick Industries Limited has the following current assets and current liabilities on the company's balance sheet: Cash $17,000; Accounts Receivable $8,200, Inventory $54,000; Prepaid Rent \$3,000; Accounts Payable $23,000; Notes Payable due within one year $20,000; and Unearned Revenue $5,500. The company's current ratio would be: a. 1.691 b. 0.34:1 c. 0.59I d. 1.07