Journalize the Entries to Record the Following

question 103

Essay

Journalize the entries to record the following:
June 1 Established a petty cash fund of $200.30 The amount of cash in the petty cash fund is now $57. The fund is replenished based on the following receipts: postage, $25; entertainment, $100; and miscellaneous, $20. Record any missing funds in the cash short and over account.Journal

Identify transactions affecting the financing activities section of the statement of cash flows.

Assess the impact of changes in accounts receivable, payable, and inventory on cash flows.

Understand the importance of non-cash transactions in the statement of cash flows.

Evaluate the company's financial health through the analysis of its statement of cash flows.

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Definitions:

Objective Feedback

Feedback that is based on observable, measurable outcomes and facts, reducing personal biases and opinions in evaluation.

Johari Window

A model that describes the process of giving and receiving feedback to help improve understanding between individuals within a group.

Strengths

Qualities that an individual possesses which are beneficial and advantageous for performance in various tasks or situations.

Johari Window

A psychological tool that helps people understand their relationship with themselves and others through self-disclosure and feedback.