A petty cash fund was originally established with a check for $180. On December 31, the petty cash fund was replenished when there was $5.10 remaining and there were petty cash receipts for postage, $52.20; supplies, $62.22; and equipment repair, $58.80.Required:Prepare the journal entry, if any, required, to record the replenishment of the petty cash fund on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answer to two decimal places.)
What will be an ideal response?
| Dec. 31 | Office Expenses | 52.20 | ? |
| ? | Supplies | 62.22 | ? |
| ? | Repairs and Maintenance Expense | 58.80 | ? |
| ? | Cash Shortage | 1.68 | ? |
| ? | Cash | ? | 174.90 |
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Multiple, plausible stories for probable futures are known as
A. scenarios. B. strategic forecasts. C. vision statements. D. strategies. E. contingency plans.
If your primary investment concern was liquidity, you should probably invest in:
a. real estate b. T-bills c. growth stocks d. corporate bonds e. municipal bonds
Eduardo Martinez, the sole stockholder of Eduardo's Dance Studio, started the business by investing $10,000 cash and donating a building worth $20,000 in exchange for common stock. Identify the general journal entry below that Eduardo's will make to record the transaction.
A.
| Cash | 10,000 | |
| Building | 20,000 | |
| Common Stock | 30,000 |
B.
| Owner's Investments | 30,000 | |
| Common Stock | 30,000 |
C.
| Cash & Building | 30,000 | |
| Common Stock | 30,000 |
D.
| Common Stock | 30,000 | |
| Cash | 10,000 | |
| Building | 20,000 |
E.
| Cash | 10,000 | |
| Common Stock | 30,000 |
According to Table 8-1, which describes a production problem, suppose it is decided that the number of hours used in the assembly process must be at least 80 percent of the time available. How would this constraint be written?
A) 3T + 2C ? 160 B) 3T + 2C ? 200 C) 3T + 2C ? 200 D) 3T + 2C ? 160 E) None of the above