Recaptured depreciation is the portion of the sale price that is in excess of the initial purchase price
Indicate whether the statement is true or false
FALSE
Business
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A _____ is a network of human relations that consists of ideas, institutions and material objects.
Fill in the blank(s) with the appropriate word(s).
Business
A petty cash fund was established with a $600 balance
It currently has cash of $130 and petty cash tickets as shown below: Travel expense $115 Office supplies expense 310 Equipment rental expense 45 Which of the following would be the journal entry to replenish the Petty Cash account? A) debit various expenses $470; credit Cash $470 B) debit various expenses $470; credit Petty Cash $470 C) debit Cash $130; credit various expenses $130 D) credit Petty Cash $470; debit Cash $470
Business