Use the Following Information Regarding Larson Company to Answer the Question

question 84

Multiple Choice

Use the following information regarding Larson Company to answer the question below.
1) Established a petty cash fund in the amount of $250.
2) Reimbursed the petty cash fund given the following petty cash fund disbursements:
A.Payment for postage,$20.
B.Payment for supplies,$70.
3) Increased the petty cash fund to $300.
4) Cash over at the end of the first period was $5.
-The entry to establish the petty cash fund would include a

• A)debit to the Cash account for $250.
• B)debit to the Petty Cash account for $250.
• C)memorandum entry only in the ledger.
• D)credit to the Petty Cash account for $250.

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Definitions:

Intraorganizational Bargaining

The process of negotiation and decision-making within a union or between unions to settle on common strategies or positions.

Political Institutions

Structures and systems of government and governance, including legislatures, courts, and the executive branch, which create, enforce, and interpret laws.

Federal Government

The national government of a federal country, which holds the sovereign authority and power over matters that pertain to the country as a whole, distinct from state or provincial governments.

Civil Service

The body of government employees who are employed on behalf of and who are responsible for the administration of the state, often excluding military and elected officials.