At the end of the day on March 15, the cash register's record shows $1,957, but the count of cash in the register is $1,965. Prepare the general journal entry to record the day's cash sales.
What will be an ideal response?
March 15 | Cash | 1,965 | ? |
? | Sales | ? | 1,957 |
? | Cash over and short | ? | 8 |
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Ace Manufacturing has high turnover due to issues with the corporate office. Trevor, the plant manager, is frustrated and cannot find a solution to stop it. At first he offered raises to many of the good employees who were leaving, but after a while, Paul started blaming those who were leaving, saying, "They are poor-quality employees and they are to blame for leaving." Trevor is engaged in
A. panic. B. relaxed change. C. blind avoidance. D. defensive avoidance. E. delayed change.
Which Principle of the AICPA Code of Professional Conduct is: A member, as a professional, should exercise sensitive and moral judgments in all their activities?
A) Objectivity and Independence B) Integrity C) Responsibilities D) Due Care
The audit team should develop its own ideas about how fraud may be performed by the client and then covered up
a. True b. False Indicate whether the statement is true or false
Kalis Corporation's stockholders' equity equals one-third of the company's total assets. The company's liabilities are $120,000 . What is the amount of the company's stockholders' equity?