SB Kiley Company established a petty cash fund ...<?xml:namespace prefix = o ns
ID: 2380344 • Letter: S
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SB Kiley Company established a petty cash fund ...<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Kiley Company established a petty cash fund of $750 on January 1. On January 31, receipts for the following items were in the petty cash box:
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36.The journal entry on January 1 to record establishment of the petty cash fund includes a:
37. The journal entry on January 31 to record replenishment of the petty cash fund includes:
At the end of last year, Games-2-Use had merchandise costing $140,000 in inventory. During January of the current year, the company purchased merchandise costing $102,000, and sold merchandise that it had purchased at a total cost of $84,000. Games-2-Use uses a perpetual inventory system.
45.The total amount debited to the Inventory account during January was:
46.The balance in the Inventory account at January 31 was:
SB Kiley Company established a petty cash fund ... Kiley Company established a petty cash fund of $750 on January 1. On January 31, receipts for the following items were in the petty cash box: The journal entry on January 1 to record establishment of the petty cash fund includes a: The journal entry on January 31 to record replenishment of the petty cash fund includes: At the end of last year, Games-2-Use had merchandise costing $140,000 in inventory. During January of the current year, the company purchased merchandise costing $102,000, and sold merchandise that it had purchased at a total cost of $84,000. Games-2-Use uses a perpetual inventory system. The total amount debited to the Inventory account during January was: The balance in the Inventory account at January 31 was:Explanation / Answer
36)Debit to Petty Cash Expense of $750.
37)A credit to Petty Cash for $575.
45)$84,000.
46)$140,000.
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