Mercury Company Established a Petty Cash Fund with a $600

question 109

Multiple Choice

Mercury Company established a petty cash fund with a $600 balance.Which of the following statements is incorrect?

• A) A journal entry is needed to debit the Cash account and credit the Petty Cash account for $600.
• B) There is no net effect on current assets.
• C) The sum of the cash plus the total of the petty cash tickets should equal $600 at all times.
• D) The petty cash custodian cashes a check for $600 and places the currency in the petty cash fund box.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Arbitration

A method of dispute resolution outside the courts, where an arbitrator makes decisions that are binding for the parties involved.

Individual Litigation

Legal action taken by a single plaintiff or defendant in a court proceeding, rather than by or against a group or class.

Ethically Required

Actions or behaviors that are mandated or guided by ethical standards or principles.

Smelting Company

A business that specializes in extracting pure metal from ore through heating and melting processes.