On May 1, a company established a $125 petty cash fund. On May 22, the petty cash fund contains $6 in cash and the following paid petty cash receipts: transportation-in on merchandise inventory $25; postage, $21; and office supplies, $66. Record the general journal entry to reimburse the fund.
What will be an ideal response?
May 22 | Merchandise Inventory | 25 | ? |
? | Postage Expense | 21 | ? |
? | Office Supplies | 66 | ? |
? | Cash Over and Short | 7 | ? |
? | Cash | ? | 119 |
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a. to support the market price of the stock b. to resell to employees c. to increase the shares outstanding d. for bonuses to employees
Tangible exchanges are ______-based.
a. economic or productivity b. friendship c. loyalty d. trust
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a. Current Replacement Cost b. Net Realizable Value c. Fair Value d. Present Value of Future Net Cash Flows e. Acquisition cost
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a. Leadership will emphasize sustainability in ecology, economy, and society b. Leadership will behave in ways that reflect their understanding that organizations do not exist in isolation of humanity c. Leadership will be future oriented d. All of the above