Use the Following Information to Answer Questions $€ 350$ To the Custodian of the Petty Cash Fund

question 10

Multiple Choice

Use the following information to answer questions . On October 2, 2011, Bienvenu Manufacturing Company established a petty cash fund by issuing a check for $€ 350$ to the custodian of the petty cash fund. On October 31, 2011, The custodian submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is $€ 15$ cash in the fund:
$\begin{array} { l r } \text { Freight-in } & € 145 \\ \text { Office Supplies Expense } & 55 \\ \text { Entertainment of clients } & 89 \\ \text { Postage Expense } & 50 \end{array}$
-The journal entry to establish the petty cash fund would include a

• A) credit to cash for \(€ 350\).
• B) credit to Cash Over and Short for \(€ 350\).
• C) credit to Accounts Receivable for \(€ 350\).
• D) Credit to Accounts payable for \(€ 350\).

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Definitions:

Variety

The diversity in types and structures of the data generated.

Nonsampling Error

Errors in data collection or analysis that are not related to the process of selecting a sample from the population.

Coverage Error

The error that occurs when the sample does not adequately represent the population being studied, often due to undercoverage or overcoverage.

Statistical Inference

The process of using data analysis to deduce properties of an underlying distribution of probability.