Ask Question
BusinessBusiness
9 May, 17:11

A company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash. in recording the check, the company should

+3
Answers (1)
  1. 9 May, 17:39
    0
    The answer is the company should debit cash Over and short for $3. If a company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash.

    It is an income statement account in which shortages or overages in cash are recorded, it is called cash short and over.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash. in recording the check, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Cameron Blair, a friend from college, asks you to form a partnership to import fragrances. Since graduating, Blair has worked for the Spanish Embassy, developing important contacts among government officials.
Answers (1)
A firm has annual sales of $10 Million, direct material costs are $3.5 Million, direct labor is $2.5 Million and overhead is $3.5 Million. What is the company's profit?
Answers (1)
Some interview questions are designed to rattle you to see how you deal with stress. True or false.
Answers (2)
Joan wants to get a $1,000 loan from her local bank. she finds out the current interest rate is 17%. would you advise her to get the loan or to not get the loan.
Answers (1)
The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 800,000 Net operating income $ 50,000 Average operating assets $ 300,000 Stockholders' equity $ 80,000 Residual income $ 20,000 For the past year, the margin used in
Answers (1)
New Questions in Business
The culture of UPS places service to the customer among the company's highest business objectives, which is reflected in their use of information systems to enable customer tracking of their packages.
Answers (1)
Employers bond employees who handle cash receipts because fidelity bonds reduce the possibility of employing dishonest individuals and Deter dishonesty by making employees aware that insurance companies may investigate and prosecute dishonest acts.
Answers (1)
1. A complaint of sexual harassment by a part-time worker in a hardware business was upheld when the Tribunal found that the employer had failed to take sufficient action in relation to the employee's report of inappropriate behaviour.
Answers (1)
Suppose that the government sets a price floor for milk that is above the competitive equilibrium price With the price floor, consumers are willing to purchase the quantity indicated where the price floor intersects the With the price floor, the
Answers (1)
Choose the best revision of the previous sentence. Because many executives have access to company jets boards of directors have a responsibility to ensure that shareholders are not footing the bill for personal travel.
Answers (1)
Home » Business » A company writes a check to replenish a $100 petty cash fund when the fund contains receipts of $94 and $3 in cash. in recording the check, the company should
Sign Up Forgot Password?