Mathematical Reasoning Questions and Answers

Sudoku Company issues 24 000 shares of 9 par value common stock in exchange for land and a building The land is valued at 239 000 and the building at 370 000 Prepare the journal entry to record issuance of the stock in exchange for the land and building View transaction list Journal entry worksheet A Record the issue of 24 000 shares of 9 par value common stock in exchange for land valued at 239 000 and a building valued at 370 000 Note Enter debits before credits Transaction 1 General Journal Debit Credit

The following errors took place in journalizing and posting transactions Journalize the entries to correct the errors a The receipt of 3 440 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned If an amount box does not require an entry leave it blank 8 b The purchase of supplies of 1 030 on account was recorded as a debit to Office Equipment and a credit to Supplies Note Prepare the entry to reverse the original entry first If an amount box does not require an entry leave it blank

3 An investment firm claims that the mean increase in price per share of companies it invests in is 1 95 per share every year A national sample of 100 companies shows that the mean increase in price per share is 1 82 with a standard deviation of 0 30 Would you be skeptical of the firm s claim Write and test hypotheses to evaluate the claim Explain your findings

11 1 point Simplify 32 2 5 a 81820 b 820 81 81810 d 81 28ac

3 A data set with a mean of 34 and a standard deviation of 2 5 is normally distributed Part A According to the Empirical Rule about what percentage of the data is between 34 and 39 Part B About what percentage of the data is less than 36 5

The figure below shows a brick in the shape of a rectangular prism 7 cm 13 cm 9 cm a Use the calculator to find the surface area and volume of the brick Make sure to include the correct units Surface area 0 Volume b The brick will be gold plated dipped in gold Which measure would be used to find the amount of gold needed O Surface area O Volume c The brick will be painted Which measure will help the painter know how much paint to buy Surface area Volume 4 cm X cm cm

Birdy Consulting Co has the following accounts in its ledger Cash Accounts Receivable Supplies Office Equipment Accounts Payable Common Stock Retained Earnings Dividends Fees Earned Rent Expense Advertising Expense Utis Expense Miscellaneous Expense Journalize the following selected transactions for January 2012 in a two column journal Journal entry explanations may be omitted If an amount box does not require an entry leave it blank Jan 1 Paid rent for the month 3 600 4 Paid advertising expense 2 320 5 Paid cash for supplies 990 6 Purchased office equipment on account 15 200 12 Received cash from customers on account 4 970 20 Paid creditor on account 1 460 27 Paid cash for miscellaneous expenses 630 30 Paid utility heating bill for the month 2 30 31 Fees earned and billed to customers for the month 33 100 31 Paid utility electricity bill for the month 400 31 Paid dividends 2 500 2012 Jan 1 Bent Expense Jan 4 Jan 5 Jan 6 Jan 12 Jan 20 Jan 27 Advertising Expense Cash Supplies Cash Office Equipment Accounts Payable Accounts Receivatie Accounts Payable Hiscellaneous Expense 00 00 00 00 00 00 00 00 00 00 00

4 An investor is considering three types of investments a high risk venture into oil leases with a potential return of 15 a medium risk investment in bonds with a 9 return and a relatively safe stock investment with a 5 return He has 50 000 to invest Because of the risk he will limit his investment in oil leases and bonds to 30 of the 50 000 and his investment in oil leases and stock to 50 How much should he invest in each to maximize his return assuming investment returns are as expected a Define the variables Be specific with descriptive words b Clearly state the constraints all inequalities related to the feasible region c State the objective function d Set up the initial simplex matrix needed to solve the linear programming problem using the Simplex Method Perform all niyots necessory using row onerations to transform the

A PIN for a certain website must consist of four different digits from the set 0 1 2 7 For example 6012 or 0513 How many different PINs are possible Answer The number of PINs is P n k where n The final numerical answer is and k

5 6 pts Looking at the two Box Plots below which has a larger Range Whic Justify your response show your work 39 46 5 42 Prime Ministers 54 51 55 59 5 Presidents 50 63 60 Age when elected 70 74 78 Range AQK IOR 7 Seperate question

S Workstation 1 The first operator lays out the major components of a computer between two white lines on the conveyor The operator then prepares the cover for accepting the LCD screen by installing fasteners and securing a cable Workstation 2 The second operator performs two different tasks First the LCD screen is installed in the cover This task needs to be done after the cover is assembled task 1 A second independent task done by the operator is the preparation of the base so that the Main Printed Circuit Board M PCB can be installed Workstation 3 Here the M PCB is installed in the base After this is done the Central Processing Unit CPU and backup batteries are installed and tested Workstation 4 The Accupoint Pointing Device touchpad and wrist rest are installed the speaker and microphone is installed and the Auxiliary Printed Circuit Board A PCB is installed These are all independent tasks that can be done after the M PCB is installed Workstation 5 Here tasks are performed in a sequence First the keyboard is installed followed by the DVD and Hard Disk Drive HDD The battery pack is then installed followed by the memory card The computer is then powered up and a program started that loads software that can be used to test the computer Actually loading the software takes 281 seconds and this is done while the computer travels through positions 6 7 and 8 on the assembly line Computers that do not work are sent to a rework area where they are fixed Only about 1 percent of the computers fail to start and these are usually quickly repaired by the supporter Workstation 6 The video display and keyboard are tested in this workstation After assembly the computers are moved to a separate burn in area that is separate from the assembly line Here computers are put in racks for a 24 hour 25 C burn in of the circuit components After burn in the computer is tested again software is installed and the finished notebook computer is packaged and placed on pallets for shipment to Toshiba distribution centers around the world Tweaking the Initial Assembly Line Design From past experience Toshihiro has found that the initial assembly line design supplied by the engineers often needs to be tweaked Consider the following questions that Toshihiro is considering When the assembly line designed by the engineers is running at maximum capacity what is the efficiency of the line relative to its use of labor Assume that the supporter is not included in efficiency calculations Round your answer to 2 decimal places Efficiency

2 Show that is a solution to the nonlinear equation x y e y 0 1 dy 1 yezy 0 dr 1 ey

d A committee of 3 persons is to be constituted from a group of 2 men and 3 women In how many ways can this be done How many of these committees would consist of 1 man and 2 women Show your work 4 mar

2 of 2 On July 23 of the current year Dakota Mining Company pays 6 424 080 for land estimated to contain 9 048 000 tons of recoverable ore It installs and pays for machinery costing 1 447 680 on July 25 The company removes and sells 464 500 tons of ore during its first five months of operations ending on December 31 Depreciation of the machinery is in proportion to the mine s depletion as the machinery will be abandoned after the ore mined Required Prepare entries to record the following a The purchase of the land b The cost and installation of machinery Work you have completed so far It does not indicate completion c The first five months depletion assuming the land has a net salvage value of zero after the ore is mined d The first five months depreciation on the machinery Required A Required B Required C1 Answer is not complete Complete this question by entering your answers in the tabs below Required C2 Required D1 Required D2 Record the first five months depreciation on the machinery Note Round your Depreciation per ton answer to 2 decimal places and round all other answers to the nearest whole dollar Select formula for Units of Production Depreciation Return to question

Problem 4 Suppose that A is a 10 10 matrix and we want to extract a submatrix consisting of rows 2 to 7 and columns 1 to 5 of A What single Matlab command using 10 characters or less could accomplish this Assume that the matrix A has already been defined in Matlab and has been called A Problem 4 Note that for this question you should test your answer to see if it works For this purpose it would be useful to have a 10 x 10 matrix sitting around somewhere There are several ways to quickly generate matrices in Matlab For example rand 10 will produce a 10 10 matrix whose entries are random numbers between 0 and 1 magic 10 will produce a 10 10 magic square matrix

N Paid 326 000 cash plus 13 040 in sales tax and 1 600 in transportation FOB shipping point for a new loader The loader is estimated to have a four year life and a 32 600 salvage value Loader costs are recorded in the Equipment account te Enter debits before credits Date January 1 Year 1 General Journal Dobit Credit

1 Part 1 of 2 1 92 points OPONCIATION Required information Complete this question by entering your answers in the tabs below Required 1A Required 1B Required 2 Allocation of total cost Allocate the lump sum purchase price to the separate assets purchased Total cost of Acquisition Building Land Land improvements Vehicles Total Estimated Market Value 467 650 268 650 79 600 179 100 995 000 WATOTO www womplete Required 3 Percent of Total 0 X x X X X you have Apportioned Cost S 0 completed so far It does not indicate completion Return to question

S Required information The following information applies to the questions displayed below Onslow Company purchased a used machine for 144 000 cash on January 2 On January 3 Onslow paid 8 000 to wire electricity to the machine Onslow paid an additional 1 600 on January 4 to secure the machine for operation The machine will be used for six years and have a 17 280 salvage value Straight line depreciation is used On December 31 at the end of its fifth year in operations it is disposed of Required 1 Prepare journal entries to record the machine s purchase and the costs to ready it for use Cash is paid for all costs incurred View transaction list Journal entry worksheet 1 2 3 Record the purchase of a used machine for 144 000 cash Check my

Multiple Choice Question Reconstructive memory influences relationships because O it helps overcome self serving biases O partners current feelings about each other influence their memories of their shared past O it helps overcome actor observer effects O partners can overcome differences in personalities if they have pleasant memories of each other Need help Review these concept resources Read About the Concept

The population of Boomtown is currently 11000 and expected to grow by 3 5 over the next year What will its population be by then The population of Dullsville on the other hand is currently 4000 and expected to decrease by 2 2 over the next year What will its population be by then

or a data set of weights pounds and highway fuel consumption amounts mpg of four types of automobile the linear correlation coefficient is found and the P val 0 028 Write a statement that interprets the P value and includes a conclusion about linear correlation COLLO The P value indicates that the probability of a linear correlation coefficient that is at least as extreme is which is conclude that there is a linear correlation between weight and highway fuel consumption in automobiles Type an integer or a decimal Do not round so there Sa sufficient evidence to

Part 2 of 3 2 points eBook Hint Print References Required information The following information applies to the questions displayed below Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of 84 200 The machine s useful life is estimated at 10 years or 386 000 units of product with a 7 000 salvage value During its second year the machine produces 32 600 units of product Determine the machine s second year depreciation using the units of production method Choose Numerator Year Year 2 1 1 Units of production Depreciation Choose Denominator Annual Production units Annual Depreciation Expense Depreciation expense per unit Depreciation Expense

2 ts eBook Hint Print eferences Rodriguez Company pays 405 405 for real estate with land land improvements and a building Land is appraised at 240 000 land improvements are appraised at 72 000 and the building is appraised at 168 000 1 Allocate the total cost among the three assets 2 Prepare the journal entry to record the purchase Complete this question by entering your answers in the tabs below Required 1 Required 2 Allocate the total cost among the three assets Note Round your Apportioned Cost answers to 2 decimal places Land Land improvements Building Appraised Value Percent of Total Appraised Value Total Cost of Acquisition Check m Apportioned Cost

1 Rizio Company purchases a machine for 10 200 terms 2 10 n 60 FOB shipping point Rizio paid within the discount period and took the 204 discount Transportation costs of 231 were paid by Rizio The machine required mounting and power connections costing 705 Another 333 is paid to assemble the machine and 40 of materials are used to get it into operation During installation the machine was damaged and 345 worth of repairs were made Complete the below table to calculate the cost recorded for this machine nts eBook Hint Print eferences Amount Included in Cost of Equipment Invoice price of machine Net purchase price Total cost to be recorded Check my

2 6 nts Levine Company uses the perpetual inventory system April 8 Sold merchandise for 6 700 that had cost 4 951 and accepted the customer s Suntrust Bank Card Suntrust charges a 48 fee April 12 Sold merchandise for 7 600 that had cost 4 925 and accepted the customer s Continental Card Continental charges a 2 58 fee Prepare journal entries to record the above credit card transactions of Levine Company Note Round your answers to the nearest whole dollar amount No 1 2 3 Date April 08 April 08 April 12 Cash Credit card expense Sales Cost of goods sold Merchandise inventory Cash Credit card expense Answer is not complete General Journal 000 Debit Return to questi Credit

6 1 7 points Accounts receivable Percent uncollectible Total 615 000 0 405 000 1 Req A 1 to 30 99 000 Req B and C 2 Complete this question by entering your answers in the tabs below Days Past Due 31 to 60 45 000 a Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable X Answer is not complete 5 b Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unadjusted balance in the Allowance for Doubtful Accounts is a 4 500 credit 61 to 90 27 000 7 c Prepare the adjusting entry to record bad debts expense using the estimate from part a Assume the unadjusted balance in the Allowance for Doubtful Accounts is a 1 000 debit Over 90 39 000 10 Complete the table below to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable

ok nt int ences Mazie Supply Company uses the percent of accounts receivable method On December 31 it has outstanding accounts receivable of 102 000 and it estimates that 5 will be uncollectible Prepare the year end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a a 1 734 credit balance before the adjustment b a 510 debit balance before the adjustment View transaction list Journal entry worksheet 1 2 Prepare the year end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a 1 734 credit balance before the adjustment Note Enter debits before credits

Book Hint Print erences Required information The following information applies to the questions displayed below At year end December 31 Chan Company estimates its bad debts as 0 40 of its annual credit sales of 957 000 Chan records its bad debts expense for that estimate On the following February 1 Chan decides that the 479 account of P Park is uncollectible and writes it off as a bad debt On June 5 Park unexpectedly pays the amount previously written off Prepare Chan s journal entries to record the transactions of December 31 February 1 and June 5 View transaction list Journal entry worksheet 1 2 3 4 Record the estimated bad debts expense

1 36 ints eBook Hint Print References Vall Company recorded the following transactions during November Date November 5 November 10 November 13 November 21 November 30 General Journal Accounts Receivable Ski Shop Sales Accounts Receivable Welcome Incorporated Sales Accounts Receivable Zia Company Sales Sales Returns and Allowances Accounts Receivable Zia Company Accounts Receivable Ski Shop Sales Debit 5 690 2 274 1 333 Required 1 Required 2 344 4 741 Complete this question by entering your answers in the tabs below Credit 5 690 2 274 1 333 344 1 Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts 2 Prepare a schedule of accounts receivable 4 741 Post these entries to both the general ledger accounts and the accounts receivable ledger subsidiary ledger accounts General Ledger Accounts Receivable Subsidiary Ledger Skl Shop Accounts Receivable

Lem Nganje The following data were gathered by the owners of a hot chocolate stand The average daily temperatures are in degrees Celsius a Plot the data using technology then choose the best description below positive linear correlation a Avg Daily Temp y Cups Sold 16 55 16 52 14 52 23 41 18 42 19 37 27 28 26 26 negative linear correlation no linear correlation Question 2 of 2 b Use technology to find the regression line Identify the slope of the regression line Round to two decimal places 9 64 10 e Using the regression line predict the number of cups of hot chocolate that would be sold on a day when the average temperature is 9 C Round to two decimal places y 64 10 cups f Using the repression line

TAsk Bing Al 6 The table below provides predicted population data about the world and India Predicted Population millions 2050 Region World India AND 2030 8460 1 m 1 438 5 a What percent of the world population is predicted to live in India in 2030 Round your result to one decimal place 4 c Calculate the absolute change in the predicted population of India between 2030 and 2050 Round your result to one decimal place Use the predicted populations from the table not the percentages of the world population that you calculated in parts a b 3 5 of 6 D 1 9 131 6 1468 1 b What percent of the world population is predicted to live in India in 2050 Round your result to one decimal place 4 d Calculate the absolute change in the percent of the world population that lives in India between 2030 and 2050 Round your result to one decimal place Use the percentages of the world population that you calculated in parts a b not the predicted populations from the table 3

Side College freshmen involved in a dating relationship agreed to participate in a nine month long study Every two weeks participants answered a detailed questionnaire about their relationship and their emotional well being Over the course of the study 26 of the participants experienced a breakup The average distress of these 26 participants at the time of breakup 0 weeks and over the following 10 weeks was assessed from their questionnaire answers The table shows the findings in a scientific publication Time since brea kup wee ks Aver age distr ess unit less score 0 2 6 10 3 3 3 1 2 9 6 2 6 CSV Excel JMP Mac TXT Minitab14 18 Minitab 18 PC TXT R SPSS TI CrunchIt P Eastwick et al Mispredicting distress following romantic breakup Revealing the time course of the affective forecasting error Journal of Experimental Social Psychology 44 2008 pp 800 807 doi 10 1016 j jesp 2007 07 001 Macmillan Learning Each value of y in the data table represents the average emotional distress of 26 individuals at a specific time after breakup If the published findings had included the distress values of all 26 participants rather than their average would the corresponding scatterplot have shown ore or less scatter The scatterplot using the individual 26 values rather than average values for each specified time would have How would this affect the value of the correlation r Explain your reasoning The correlation would likely be less in strength because individual values have more variability than averages The correlation would likely be close to 0 because increasing the sample size always decreaases the correlation The correlation would likely not change because corerlation is not a complete summary of two variable data even after you have established that the relationship between the variables is linear The correlation would likely be even stronger because correlation calculated from averaged data is typically much strong than correlation calculated from raw individual data points

d Find an equation of the plane that passes through 2 7 2 and is perpendicular to the line with parametric form 1 2t t 3t 12

Let A and B be sets and suppose that BCAN B holds Select all of the statements that are guaranteed to be true OA AUB A OB An B B OC A B A B OD BCA DE BCA OF A B AUB OG AnB 0 OH An BC A

Managers need to find the right balance between which two concerns to meet the needs of the healthcare organization HCO O Centralization and current structure O Horizontal coordination and centralization O Vertical control and horizontal coordination O Current structure and vertical control

Write the number given below as a decimal numeral 1100 two

In a simplified model for taxes a person will pay 10 on the first 40 000 earned 20 on the next 50 000 earned 40 on the rest For instance a person earning 30 000 will pay 3 000 in taxes and a person earning 100 000 will pay 10 x 40 000 20 x 50 000 40 x 10 000 18 000 dollars in taxes 1 If a person has an income of x 0 write down the function T describing the amount of money that they pay for taxes Explain and simplify the formulas as much as possible Do not use the sign 2 2 Write down the function M1 describing the net income of a person income minus taxes as a function of their gross income x Explain and simplify the formulas as much as possible 3 Draw the graph of M1 for x between 0 and 120 000 You can do it by hand or copy from a graphing calculator 4 A common misconception about taxes is that earning more money can make you fall into another tax bracket and you will then earn less money Explain why this is wrong Your answer should be We see that the function M1 is which means

2 a Students want to determine if there is a significant correlation between the amount of free time spent using their cell phones and their GPA Determine th type of study used in each examples a c below Part A a 50 students were selected randomly and asked about the number of hours they spent in a week using their phones and their current GPA Part B b The GPA s of 50 randomly selected students that do not own cell phones were recorded and compared to 50 randomly selected students with cell phones and their GPA s Part C c Ten students with poor GPA s had their cell phones restricted for a year After the year their current GPA was compared with their GPA from the previous year Part D du Explain your reasoning

4 4 points From the window of one building Martha sees the top of a second building at an angle of elevation of 36 and the bottom of the building at an angle of depression of 47 The buildings are 49 m apart What is the height of the second building to the nearest tenth of a metre Diagram Formula Substitution Solve

hy 40 000 000 is the symbol for the euro LuxAir expects the plane to remain useful for five years 5 000 000 miles and to have residual value of 5 500 000 LuxAir will fly the plane 400 000 miles during the remainder of 2020 Read the requirements a Compute LuxAir s depreciation on the plane for the year ended December 31 2020 using the straight line method The depreciation on the plane for the year ended December 31 2020 using the straight line method is Requirements Compute LuxAir s depreciation on the plane for the year ended December 31 2020 using the following methods a Straight line b Units of production c Double declining balance Which method would produce the highest net income for 2020 Which method a X 69 500 00

Oakwood Manufacturing bought three used machines in a 224 000 lump sum purchase An independent appraiser valued the machines as shown Click on the icon to view the appraised values Read the requirement CAPO What is each machine s individual cost Round decimals to three places when calculating proportions and use your computed percentages in all calculations Machine 1 s cost is X Requirement 1 What is each machine s individual cost Immediately after making this purchase Oakwood sold Machine No 3 for its appraised value What is the result of the sale Round decimals to three places when calculating proportions and use your computed percentages in all calculations

4 Leo solved the equation b a 1 for a but made an error Leo s work is 2 shown below Explain Leo s error and find the correct solution i ii iii iv 4b 1 a b a 1 2b a 1 4b a 1 3

Solve the following problems to calculate the cost of a printing job 1 A printer estimates that running a small press costs 25 00 per hour The total cost of a job that took 1 1 2 hours or press time is 650 00 How much of the cost of this job is unrelated to press time 2 A printer estimates that each page of a booklet costs 22 50 to produce How much will a 64 page booklet cost to produce 3 A printer uses two sided plates which cost 1 30 each Seventy cents is added to the price of each plate to cover the cost of chemicals to process the plate A job consisting of 32 flats is produced What is the total cost for the plates for this job 4 A skid of paper weighs 2 000 lbs and the paper costs 40 per lb How much is the skid worth 5 A service technician comes to fix one of our machines and they charge 75 per hour If they need five hours to fix the machine how much will it cost us

Use a free random number generator from the internet to generate 10 integer values between 0 and 50 Order this list from smallest to largest Use these values as your x coordinate and 1 2 10 as your y coordinate Create a scatter diagram Describe any linear correlation in your graph

Der 1 2024 the bank The note requires principal and interest at 12 10 be April 30 2025 5 On December 1 2024 the company received 9 000 in cash from another company that is renting office space in Fierro s building The payment representing rent for December January and February was credited to deferred rent revenue at the time cash was received Lequired Prepare the necessary adjusting entries at December 31 2024 for each of the above situations Assume that no financial statements were prepared during the year and no adjusting entries were recorded Note If no entry is required for a transaction event select No journal entry required in the first account field View transaction list Journal entry worksheet 1 orrowed 500 A three year fire insurance policy was purchased on July 1 2024 for 15 840 The company debited prepaid insurance for the entire amount at the time of payment Prepare the necessary adjusting entry on December 31 2024 Note Enter debits before credits Transaction 1 General Journal Debit Credit

retall shoe store 1 Issued 95 000 shares of common stock in exchange for 475 000 cash 2 Purchased office equipment at a cost of 83 750 Cash of 33 500 was paid and a note payable was signed for the balance owed 3 Purchased Inventory on account at a cost of 190 000 The company uses the perpetual Inventory system 4 Credit sales for the month totaled 323 000 The cost of the goods sold was 161 500 5 Paid 4 250 in rent on the store building for the month of June 6 Paid 2 280 to an Insurance company for fire and liability Insurance for a one year period beginning June 1 2024 7 Pald 137 275 on account for the inventory purchased in transaction 3 8 Collected 64 600 from customers on account 9 Pald shareholders a cash dividend of 4 750 10 Received cash of 1 675 from customers in advance of services to be provided Required Prepare journal entries to record each of the transactions and events listed above Note If no entry is required for a transaction event select No journal entry required in the first account field View transaction list View journal entry workshoot Transaction 01 i No 1 Cash Common stock Office equipment General Journal Debit 475 000 83 750 Credit 475 000

es The following information applies to the questions displayed below The following information is available to reconcile Branch Company s book balance of cash with its bank statement cash balance as of July 31 a On July 31 the company s Cash account has a 24 957 debit balance but its July bank statement shows a 26 490 cash balance b Check Number 3031 for 1 180 Check Number 3065 for 366 and Check Number 3069 for 1 948 are outstanding checks as of July 31 c Check Number 3056 for July rent expense was correctly written and drawn for 1 230 but was erroneously entered in the accounting records as 1 220 d The July bank statement shows the bank collected 9 000 cash on a note for Branch Branch had not recorded this event before receiving the statement e The bank statement shows an 805 NSF check The check had been received from a customer Evan Shaw Branch has not yet recorded this check as NSF f The July statement shows a 14 bank service charge It has not yet been recorded in miscellaneous expenses because no previous notification had been received g Branch s July 31 daily cash receipts of 10 132 were placed in the bank s night depository on that date but do not appear on the July 31 bank statement Required 1 Prepare the bank reconciliation for this company as of July 31 BRANCH COMPANY Bank Reconciliation Check

ces Kiona Company set up a petty cash fund for payments of small amounts The following transactions involving the petty cash fund occurred in May the last month of the company s fiscal year May 1 Prepared a company check for 300 to establish the petty cash fund May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1 May 15 a Paid 93 60 for janitorial expenses May 15 b Paid 76 41 for miscellaneous expenses May 15 c Paid postage expenses of 52 20 May 15 d Paid 68 58 to Facebook for advertising expense May 15 e Counted 23 01 remaining in the petty cashbox May 16 Prepared a company check for 200 to increase the fund to 500 May 31 The petty cashier reports that 339 32 cash remains in the fund A company check is drawn to replenish the fund for the following expenditures made since May 15 May 31 f Paid postage expenses of 53 73 May 31 g Reimbursed the office manager for mileage expense 42 78 May 31 h Paid 44 17 in delivery expense for products to a customer terms FOB destination May 31 The company decides that the May 16 increase in the fund was too large It reduces the fund by 50 leaving a total of 450 Required Prepare journal entries to establish the fund on May 1 to replenish it on May 15 and on May 31 and to reflect any increase or decrease in the fund balance on May 16 and May 31 Note Round your answers to 2 decimal places

ok at ht nces Waupaca Company establishes a 480 petty cash fund on September 9 On September 30 the fund shows 242 in cash along with receipts for the following expenditures transportation in 46 postage expenses 79 and miscellaneous expenses 106 The petty cashier could not account for a 7 shortage in the fund The company uses the perpetual system in accounting for merchandise inventory Prepare 1 the September 9 entry to establish the fund 2 the September 30 entry to reimburse the fund and 3 an October 1 entry to increase the fund to 530 View transaction list Journal entry worksheet 1 2 3 Prepare the journal entry to establish the petty cash fund Date Note Enter debits before credits General Journal Debit Credit

Book Hint Print rences 1 Required information The following information applies to the questions displayed below Del Gato Clinic s cash account shows an 12 541 debit balance and its bank statement shows 11 132 on deposit at the close of business on June 30 a Outstanding checks as of June 30 total 1 325 b The June 30 bank statement lists a 25 bank service charge c Check No 919 listed with the canceled checks was correctly drawn for 189 in payment of a utility bill on June 15 Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of 198 d The June 30 cash receipts of 2 718 were placed in the bank s night depository after banking hours and were not recorded on the June 30 bank statement Prepare its bank reconciliation using the above information Bank statement balance Add DEL GATO CLINIC Bank Reconciliation June 30 Book balance Add