A company set up a petty cash fund with $800. The disbursements are as follows:

Office supplies $300

Shipping $50

Postage $30

Delivery expense $350

1. To create the fund, which account should be debited?

A. Supplies

B. Petty Cash

C. Cash at bank

D. Postage

2. To disburse funds, which account credited?

A. Supplies

B. Cash at bank

C. Postage

D. Petty cash

3. To replenish the petty cash fund, the journal entry would include?

A. Credit petty cash and debit cash

B. Debit postage and credit cash

C. Credit cash and debit postage

D. Debit petty cash and credit cash

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

Which career pathways require workers to train at special academies? a.emts and emergency dispatchers b.crossing guards and lifeguards c.police officers and firefighters d.lawyers and judges