Hawk Company increased the $600 petty cash fund to $700 in October 1. The journal entry to record this on October 1 is:O Dr petty cash account and Cr cash account; 100O Dr petty cash account and Cr cash account; 700O Dr petty cash account and Cr cash account; 600Dr cash account and Cr petty cash account; 700ESG company sold merchandise with a cost of $1,500 for $4,500 cash. The journal entry to record this transaction includes:O Dr. to accounts receivable and Cr. to sales; $4,500O Dr. to cash and Cr. to sales; $1,500O Dr. to cash and Cr. to sales; $4,500O Dr. to accounts receivable and Cr. to sales; $1,500 QUESTION &Hazards company had the following data:Beginning inventory (on May 1)$380Purchases during May$5,400Cost of goods sold during May$5,740Based on the above data, calculate ending inventory as of May 30:$380$40$5,740$340

Name: Hawk Company increased the $600 petty cash fund to $700 in October 1.
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Description: Hawk Company increased the $600 petty cash fund to $700 in October 1. The journal entry to record this on October 1 is:O Dr petty cash account and Cr cash account; 100O Dr petty cash account and Cr cash account; 700O Dr petty cash account and Cr cas

8. Ending Inventory as of May 30 = Beginning inventory + Purchases - Cost of goods sold = $380 +…

Business

Accounting

Hazards company had the following data: Beginning inventory (on May 1) $380 Purchases during May $5,400 Cost of goods sold during May $5,740 Based on the above data, calculate ending inventory as of May 30: $380 $40 $5,740 $340

Hazards company had the following data: Beginning inventory (on May 1) $380 Purchases during May $5,400 Cost of goods sold during May $5,740 Based on the above data, calculate ending inventory as of May 30: $380 $40 $5,740 $340

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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