A Petty Cash Fund Was Established with a $400 Balance

question 3

Multiple Choice

A petty cash fund was established with a $400 balance.It currently has cash of $43 and petty cash tickets totaling $357.Which of the following would be included in the entry to replenish the fund?

• A) a credit to Petty Cash for $357
• B) a debit to Petty Cash for $43
• C) a credit to Cash for $43
• D) a debit to various expenses for $357

Recognize the characteristics and requirements of easements, including how they can be created.

Understand the impact of restrictive covenants on property use and their enforcement.

Learn about the legal mechanisms available for the protection of property rights, such as licenses and profits.

Analyze the function and significance of various deeds and the warranties they offer.

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Definitions:

Marketplace

A physical or digital venue where buyers and sellers come together to exchange goods, services, or information.

Marginal Buyer

The consumer who might leave the market if the price was any higher, indicating their participation is sensitive to price changes.

Willingness To Pay

The greatest sum a consumer is ready to spend for a good or service, showcasing the importance they assign to it.

External Cost

Costs that are not borne by the producers or users of a good or service, but rather by society or third parties, often not reflected in market prices.