QUESTION7 ESG company sold merchandise for $4,000 cash, which has a cost basis of $2,000. The journal entry to record this transaction indudes O Dr. to accounts receivable and Cr. to sales; $2,000 Dr. to cash and Cr. to sales; $4,000 Dr. to cash and Cr. to sales; $2,000 Dr. to accounts receivable and Cr. to sales; $4,000 QUESTION 8 Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is: Dr petty cash expense account and Cr petty cash account; 350 Dr petty cash account and Cr cash account; 350 Dr petty cash account and Cr petty cash expense account; 350 O Dr cash account and Cr petty cash account; 350 Click Save All Answers to save all answers. it

QUESTION7 ESG company sold merchandise for $4,000 cash, which has a cost basis of $2,000. The journal entry to record this transaction indudes O Dr. to accounts receivable and Cr. to sales; $2,000 Dr. to cash and Cr. to sales; $4,000 Dr. to cash and Cr. to sales; $2,000 Dr. to accounts receivable and Cr. to sales; $4,000 QUESTION 8 Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is: Dr petty cash expense account and Cr petty cash account; 350 Dr petty cash account and Cr cash account; 350 Dr petty cash account and Cr petty cash expense account; 350 O Dr cash account and Cr petty cash account; 350 Click Save All Answers to save all answers. it

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 37E: Analyzing the Accounts Casey Company uses a perpetual inventory system and engaged in the following...

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