Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following selected transactions during June: June 1. Established a petty cash fund of $820. 12. The cash sales for the day, according to the cash register records, totaled $13,745. The actual cash received from cash sales was $13,770. 30. Petty cash on hand was $62. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: June 2. Store supplies, $90. June 10. Express charges on merchandise purchased, $131 (Merchandise Inventory). June 14. Office supplies, $57. June 15. Office supplies, $66. June 18. Postage stamps, $69 (Office Supplies). June 20. Repair to fax, $164 (Miscellaneous Administrative Expense). June 21. Repair to office door lock, $57 (Miscellaneous Administrative Expense). June 22. Postage due on special delivery letter, $44 (Miscellaneous Administrative Expense). June 28. Express charges on merchandise purchased, $66 (Merchandise Inventory). 30. The cash sales for the day, according to the cash register records, totaled $21,972. The actual cash received from cash sales was $21,933. 30. Increased the petty cash fund by $205. Required: Journalize the transactions. If an amount box does not require an entry, leave it blank.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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it is a i took the test.