1.Prepare the journal entry to establish the petty cash fund. 2.Prepare a petty

1.Prepare the journal entry to establish the petty cash fund.
2.Prepare a petty cash payments report for April with these categories: delivery expense, ­mileage expense, postage expense, merchandise inventory (for transportation-in), and office ­supplies expense.
3.Prepare the journal entries for part 2 to both (a) reimburse and (b) increase the fund amount.
Stanley Marks had the following petty cash transactions in April of the current year.
Apr 2
Write a $300 check to establish a petty cash fund.
Apr 4
Purchased paper and other supplies for the office for $48.20 that is immediately used.
Apr 10
Paid $35.20 for coffee and muffins for a weekly meeting with the staff.
Apr 12
Paid $20.15 postage to courier a special order to a customer.
Apr 14
Reimbursed Susan Snow, the manager, $60 for travel expenses for her trip to see visit customers.
Apr 28
Paid the cleaning staff $100 for the month.
Apr 30
The fund had $36.45 remaining in the petty cashbox. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures.
Apr 30
The petty cash fund amount is increased by $100 to a total of $400.

Martin Berk began an accounting firm called Berk’s Accounting on May 1 of the cu

Martin Berk began an accounting firm called Berk’s Accounting on May 1 of the current year. Record the following May transactions by making the appropriate entries in the general journal. Next, prepare a trial balance as of May 31.
Part A
Martin invested $20,000 cash and a computer valued at $2,000.
Part B
Purchased $6,000 of office furniture from a supplier on credit.
Part C
Completed accounting work for a client and received $2,000 cash in full payment.
Part D
Paid the supplier of the office furniture 50% of the balance owing.
Part E
Completed $3,000 of accounting work for a client on credit.
Part F
Martin withdrew $3,500 cash from the business for personal use.
Part G
Received $2,000 cash as partial payment for the accounting work completed for the client in E.
Part H
Paid $1,200 cash for the secretary’s salary.

Directions: Your answers to the following questions are considered formal respon

Directions: Your answers to the following questions are considered formal responses and should be written in APA format with in-text citations and a reference page. Each response should be 200-350 words.You may include all responses in one paper but clearly separate and label your responses.
Part 1
Re-read Focus on Practice Free Cash Flow at Cisco Systems. Answer the question posed in the article, “What are some possible ways that corporate accountants might be able to change their earnings to portray a more favorable earnings statement?
Part 2
Read the Ethical Problem (P4-21). Answer the question posed in the problem.
The SEC is trying to get companies to notify the investment community more quickly when a “material change” will affect their forthcoming financial results. In what sense might a financial manager be seen as “more ethical” if he or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipate?
Part 3
Respond to the questions in the statement below:
How can a manager influence the budgeting process and ensuing budgetary numbers in unethical ways? Are there ways to identify and control this type of behavior

Present your findings regarding the gain received from the sale of the distribut

Present your findings regarding the gain received from the sale of the distribution warehouse, the reconciliation of book income to taxable income, and the schedule M-1 as if you were presenting them to the controller of Palo Alto, Michael Smith. In your presentation, be sure to explain the difference between favorable and unfavorable book-tax differences as well as permanent and temporary book-tax differences.
You will be presenting and discussing your findings to the class using the voice-over feature in PowerPoint or YouTube.
Please be sure the audio is clear and the file or link is accessible in the Week 4 Presentation discussion board.