A Petty Cash Fund Was Established with a $400 Balance

question 96

Multiple Choice

A petty cash fund was established with a $400 balance. It currently has cash of $10 and petty cash tickets as shown below. $$\begin{array} { | l | r | } \hline \text { Travel expense } & \$ 120 \\\hline \text { Office supplies } & \$ 200 \\\hline \text { Equipment rental expense } & \$ 70 \\\hline\end{array}$$ The journal entry to replenish the account would be which of the following?

• A)debit various expenses $390, credit Cash $390
• B)debit various expenses $390, credit Petty Cash $390
• C)debit Cash $10, credit various expenses $10
• D)credit Petty Cash $390, debit Cash $390

Comprehend the importance and mechanisms of communication in animal interactions.

Grasp the concept of sensitive periods in learning and development.

Identify the role of behavioral genetics in shaping animal behavior.

Understand how behavior contributes to survival and reproductive success.

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Definitions:

Manufacturing Overhead

All costs related to the production process that are not direct materials or direct labor, known as indirect expenses.

Period Costs

Expenses that are not directly tied to production activity and are expensed in the period they are incurred.

Variable Selling Expense

Costs that vary directly with the volume of sales, such as commissions and shipping charges.

Fixed Selling Expense

Costs associated with the selling process that do not vary with the level of sales, such as salaries of sales personnel and rent for sales space.