At the end of the day, the cash register tape shows $1,300 in cash sales, but the count of cash in the register is $1,385. The proper entry to account for this excess is:. A. Debit Cash $1.300; debit Cash over and short for $85: credit sales $1.385.
B. Debit Cash over and short $85; credit Cash $85.
C. Debit Cash $1, 385: credit sales $1, 300: credit Cash Over and Short $85.
D. Debit Cash $1.385; credit Sales $1.385.
E. Debit Cash $1.300; credit Sales $1.300.

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

Which of the following is not part of the mission statement of the department of homeland security? lead the unified national effort to secure america protect against and respond to threats and hazards to the nation ensure safe and secure borders coordinate intelligence operations against terrorists in other countries

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.