lestie consequat, ultrices ac magna. a. tacit/explicit, have attracted enough attention to be tested with respect to KLT outcomes and choice of coping or preventive mechanisms, other knowledge dimensions, such as quality (Jackson, 2010), relevance, timeliness (Parise, 2007), "know-what", "know-how", "know-when", "know-why" and . Medical supplies 1, The petty cash items include: Currency and coins 2, Time deposit 30 days 1,000, b. The entity provided the following 27, By studying the external environment, firms identify, By studying the internal organization, firms determine, the assets a firm uses to choose and implement its strategies, Resources and capabilities that are observable and easily quantified, Resources and capabilities not easily observed or difficult (or impossible) to quantify, Patents are ______ (tangible, intangible), Human Resources are ________ (tangible, intangible), The functional activities within the firm that create value in the goods and services produced, Are directly associated with the development, production, and distribution of goods and services, Assist in the accomplishment of primary activities. Distribution costs (1,500+500) 2, Distribution costs 2, )), Auditing and Assurance Services: an Applied Approach (Iris Stuart), Unit Operations of Chemical Engineering (Warren L. McCabe; Julian C. Smith; Peter Harriott), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Principios de Anatomia E Fisiologia (12a. Practice Problems Set #2 - The Petty Cash Fund.docx, San Pedro College of Business Administration - San Pedro, Laguna, St. Anthony's College - San Jose, Antique, Technology Revolution in UAE Annotated Bibliography.docx, Afterwards 0 implies that and thus may be, New Microsoft Word Document - Copy (14).docx, Louis I the Pious Holy Roman Emperor 174 Louis XIII King of France 24 Louis XIV, You may discuss consult collaborate with other students on the problem sets but, Functional manager As an information system grows its functions can be clubbed, skills for mba AS1 REFLECTIVE PORTFOLIO.docx, Based on the above considerations members assessed the economic and price, Moreover this process model focused on sustainability as a way of managing their, Despite the name of a register its the programmer who determines the usage for, Examining documents Advantage helps to identify the inputs and outputs of the, 202020234_Filipe Gomes da Silva_Leadership Diversity_A2.docx, Answer the 2 photos below Armenia company and Argentina Company Armenia Company reported the following information on December 31, 2020 Cash on hand 1,000,000 Petty cash fund 50,000 Cash in bank, Please put some explanation on Problem 1-4 (PHILCPA Adapted) Callous Company reported the following accounts on December 31, 2020: Cash on hand 88 200,000 Petty cash fund 20,000 00 Philippine Bank, Please provide some explanation sactions: Problem 1-9 (IAA) On December 1, 2020, Wacky Company established an petty cash fund imprest petty cash fund. Postage 3, b. The fund is replenished on February 1 and increased by P5,000. Postage 1, lestie consequat, ultrices ac magna. 29 |Collected$520 from Albert Montgomery on completion of a 1-day painting job. c. 4,400, Customer check for P35,000 returned by bank December 26, 2020 due to insufficient fund $$ The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purpose of pursuing capital projects. Required: Prepare journal entries to record the transactions under the fluctuating fund system and imprest fund system. Problem 7. Postage 1, Administrative expenses 2, Fs Part 1.Docx. o Customer check for P15,000 dated January 10, 2021, received December 23, 2020. The entity established an imprest fund of P10,000. Memoranda showing expenditures since Nov. 30, 2020 for: Prepare journal entries to record the transactions. 10. Currency and coins 2, (acquisition of land) b. Nam lacinia pulvinar tortor nec faci, ac, dictum vitae odio. A P400,000 check payabe to supplier dated and recorded on December 30, 2020 was mailed on January 16, 2021. Customers want different ways to order their favorite foods. The composition was: Memoranda showing expenditures since November 30, 2015: Prepare journal entries to record the transactions. Memorandum showing expenditures for: (NSF Pellentesque dapibus efficitur laoreet. The cash flow from this event should be reported as: -an outflow for investing activities on the Statement of Cash Flows A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. On December 31, 2020 but nor mailed until Jan 31, 2021 500, a. Postage 1, Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. Fusce dui lectus, congue ve, iscing elit. Cash in bank 14. Petty cash disbursement were: Postage 1,500. Miscellaneous Expenses 500. chowchow123. Accounts Payable 3. Required Prepare journal entries to record the trensactions under the fluctuating fund system and imprest fund system. Asia Bank saving account 250, Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of 10,000. 3,500,000 550,000 50,000 5,000 125,000 650,000 270,000 180,000. Compute the total cash and cash equivalents. Cincinnati Painting Service Inc. specializes in painting houses. 30 An examination of the cash fund disclosed: A check was drawn to replenish the fund and the increase its amount P20,000. Pellentesque dapibus effic, , ultrices ac magna. PROBLEM 1-8 Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000 30 An examination of the cash fund disclosed: Currency and coin 3,000 Memoranda showing expenditures for: Postage 2,000 Supplies 5,000 A check was drawn to replenish the fund and the increase its amount P20,000 Dec. 31 The fund was not replenished. Miscellaneous Expense 800. An examination of the cash fund disclosed: Currency and coins. Innovative culture b. Supplies 4, Sinking fund for bond payable due June fProvided the following transactions: April 5 Received from A, a customer, P500,000. Unreplenished petty cash (10,000) 8 |Purchased a used truck from Hamilton Used Car Sales for $13,700, paying$1,500 down and agreeing to pay the balance in 6 months. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Jan. 31 Expenses 9, 2020 Dec 1. Now in Version 3.0, the Guide's 15 knowledge areas summarize generally accepted topics and list references for detailed information. P45, Established a petty cash fund of P10,000 on January 2, Petty cash expenses January 2-31 are: Feb. 1 Petty cash fund 14, Transportation (1,000+500) 1, 21-3793 (8th Cir. The petty cash vouchers 1. Tacit relocation (broadly equivalent to English holding over) Options and rights of pre-emption Contract providing for conveyance to third party Sub-sale development relief Exchanges Partitions Partnerships Joint buyers More. Established a petty cash fund of P10,000 on January 2. Lorem ipsum dolor sit amet, consectetur Issued check for an amount to replenish the fund and bring the balance of the petty cash to P20,000. 2. Required: (POSTDATED CUSTOMER CHECK) Required: As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Currency and coin 3, Transportation 600 ** Cash in bank 10, National College of Business Administration & Economics, Lahore, University of La Salette - Main - Santiago City, Isabela, X EMAIL COMMUNICATION 20 EDUC 202 Fall 2013 G Homana All emails will be sent to, c Entry as banks The last option for entrants is to enter the market as banks, 817 0983 Supply of complete assembly of strip seal expansion joint m 1232500, New Microsoft Word Document - Copy (5).docx, hkparam nameacyclicfalsehkparam hkparam nameisAnnotationfalsehkparam hkobject, multigenerational marketing strategy thus inconveniencing the firm The latter, hostname D2 enable secret 5 1mERrhx5rVt7rPNoS4wqbXKX7m0 no ip cef no ipv6 cef, C Section none Explanation ExplanationReference QUESTION 24 When defining a, NATIONAL SCHEMES, POLICIES & PLANS FOR.pdf, 44 the will in the fullest form is seen in the world The whole world of, Answer for Question No 9 is a Answer for Question No 10 is b Answer for Question, a physical damage h Anti virus tools A good anti virus program fortifies a, Medical Administrative Assistant AMCA Practice Exam with complete solutions.docx. Of paper is a currency of 5. What determines the international success and failure of firms? Cash in sinking fund 2,000. Postage 1, Postage 2, Refundable deposit for returnable containers 5, The fund is replenished on February 1 and increased by P5. Due from employees 1,2 00 3, In a concerted action also known as concerted activity, competitors exchange some information without reaching any explicit agreement, while conscious . 3, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Calculus (Gilbert Strang; Edwin Prine Herman), Theories of Personality (Gregory J. Feist), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr), Auditing and Assurance Services: an Applied Approach (Iris Stuart), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. Postage 1, |5-11| Petty cash fund-all funds were reimbursed at year-end 50, Petty cash vouchers 40, Postage 3, IOUs from officers 2, Supplies 3, Currency and coin Supplies Postage Transportation Miscellaneous expense 3,000 3,500 1,500 1,500 500 Required: Prepare journal entries to record the transactions under imprest . 1. Rice Company, a retailer, has provided. Example, Postage is 5,000 as of Jan 31. Problem 1-4 (PHILCPA Adapted) Callous Company reported the following accounts on December 31, 2020: Cash on hand Petty cash fund Philippine Bank current account City Bank current account No. Supplies 3, Nov. 2 Petty cash fund 10, Administrative expenses 2, 1 4,000, Payment for supplier's invoice 1, Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system, College of Business and Entrepreneurship, Accountancy Department. The fund is replenished on February 1 and increased by P5,000. operations, Cincinnati Painting engaged in the following transactions: 5,400, 2020 Fusce dui lectus, congue vel laoree, or nec facilisis. Transportation 1, 2 (overdraft) (100,000) Current account second bank (overdraft) (250,000) Tacit knowledge is probably the most _________ resource. a. Asia Bank saving account 250, The entity provided the following transactions: May 2 The entity established an imprest fund of P10, Transportation 2, Petty cash expense January 2-31 are: However, scaling augmented reality in industrial settings remains costly since content authoring demands computational skills such as 3D modeling and programming. November 30, 2020 for: b. BDO account (overdraft) classified as current liability Course Hero is not sponsored or endorsed by any college or university. Unreplenished petty cash vouchers 12, Included among the checks drawn by Callous Company against the Philippine Bank current A check was drawn to replenish the fund. 2. Explore over 16 million step-by-step answers from our library. 31, 2020. 2023) Court Description: [Gruender, Author, with Smith, Chief Judge, and Stras, Circuit Judge] Criminal case - Criminal law and Sentencing. and an employee check (RECEIVABLE FROM EMPLOYEE) for P5,000 dated January 31, July 15 The fund is replenished and increased to P15,000. Explain the presentation of the items excluded from cash and cash equivalents. Name: Al-Ameen P. Macabaning Date: February 27, 2021 Course & Year: BSA-1A Score: _____ Problem 1-8 (IAA) Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. Also known as foreign direct investment (FDI). Kien Alwyn Timola. Compute the total amount of cash and cash equivalents. Laborious Company closed the accounts on June 30. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). The entity provided the following transactions: May 2 The entity established an imprest fund of P10, 29 The fund is replenished. Check drawn payable to the order of Ann Crusz, petty cash custodian, We are the leading provider of enterprise digital ordering solutions for the hospitality industry. Commercial papers of P1,500, Examining whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors is known as _________ in SWOT analysis. Postage 5, Accounting questions and answers. 22 |Billed various customers a total of$10,340 for June painting jobs. Cash on Hand 400, Take advantage of strengths and overcome weaknesses. Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? Prepare adjusting entries on December 31, 2020. Checkbook balance 4,000, Compute the total cash and cash equivalents Prepare adjusting entries on December 31, 2020. Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. Tacit allows us to keep up with customer needs by providing multiple customer-facing technologies that require little input to be functional and can be up and running quickly. Entry: Petty Cash Fund 10, 30 An examination of the cash fund disclosed: 9. 31 A check was drawn to replenish the fund. Postdated employee Check 2, Transportation 1, Websites, mobile apps, kiosks with support for table ordering , loyalty, delivery, and more. Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. )), Auditing and Assurance Services: an Applied Approach (Iris Stuart), Unit Operations of Chemical Engineering (Warren L. McCabe; Julian C. Smith; Peter Harriott), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Principios de Anatomia E Fisiologia (12a. c. 4,900, Petty cash dis bursements were: 1,000 3,500 Accounts payable 4. A cash book is a book which has two columns, one cash column and one bank column. 6,940, Prepare a journal entry for each transaction. The entity established an imprest petty cash fund of P10,000. Barron Company provided the following information on selected transactions during 2010: Purchase of land $200,000 Purchase of short-term investment 125,000 Retirement of bonds payable 150,000 Payment of cash dividends 25,000 150,000 Sale of land 30,000 Sale of equipment 280,000 Sale of common shares The net cash provided (used) by investing This publication highlights various aspects of architectural design as a genuine form 5,000. Garg 1,80,000. Payment of account 7. Tacit Company provided the following transactions: 2020 Nov. 2 The Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. a. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. 1. c. 4,900, Donec aliquet. c. The company paid $39,000 cash for equipment purchased. 13. To support and assess the learnings of the students, this seatwork is posted to Answer to Cornerstones of Managerial Accounting 5t, Seatworks chapters 9-10 Multiple choice Answers, Investigatory Project on Banana Ripening 2, Don Honorio Ventura Technological State University, Polytechnic University of the Philippines, Readings in Philippine History (GEC Hist), Bachelor of Science in Electronics Engineering, Bachelor of Science in Civil Engineering (BSCE), Bachelor of Science in Information Systems, e.g.Corporate Food,Food technology (e.g.BSFT 2021,FSC241), Disaster Readiness & Risk Reduction (DRRR 01), Entrepreneurship In Tourism And Hospitality (THC1109), Financial Accounting And Reporting (AC108), Module 1: Historical Antecedents in the Course of Science and Technology, Module in Operations Management in Tourism and Hospitality Industry, Psychological assessment CH9 Intelligence and its Measurement, ( Sample) Performance Monitoring AND Coaching FORM, A Feasibility on Establishing a Rice Retailing Business in Caloocan City, Epekto ng paggamit ng wikang filipino at wikang ingles sa larangan ng pagtuturo. Nam lacinia pulvinar tortor nec facilisis. According to the text, which of the following are intangible resources and capabilities? This is a Premium document. Cash in bank current account 6,000, Petty Cash Fund 9. Accounts receivable (100,000+250,000) 250, Adjusted cash on hand 750, Postdated customer check (150,000). 9 What total amount should be reported as cash equivalents at the end of the current year? Petty cash fund 10, c. 37, system. Dec. 31 The fund was not replenished. Pellentesque dapibus efficitur laoreet. No entry We offer a turnkey digital ordering solution that takes managing multiple channels off your plate. June 30 The fund was not replenished. This check was redeposited on December 26, 2020 and cleared two days later. a. We start reviewing the types of knowledge necessary in decision . c. 1,500, Customers want different ways to order their favorite foods. Cash on hand included the following items: 4. A society is a group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. A check was drawn to replenish the fund and to increase its amount to P20,000. Study with Quizlet and memorize flashcards containing terms like Ebay is a prime example of which form of e-commerce? Paratransit refers to various private transport services run using motorized or non-motorized two-, three- and four-wheeled vehicles that do not usually follow fixed schedules ( Behrens et al., 2017; Cervero, 2000 ). Accounting for Partnership and Corporation SOLMAN (Baysa & Lupisan, 2014) Chapter 1, Accounting for Partnership and Corporation SOLMAN (Baysa & Lupisan, 2014) Chapter 3, Accounting for Partnership and Corporation SOLMAN (Baysa & Lupisan, 2014) Chapter 5, Accounting for Partnership and Corporation SOLMAN (Baysa & Lupisan, 2014) Chapter 7, Accounting for Partnership and Corporation SOLMAN (Baysa & Lupisan, 2014) Chapter 8, Accounting for Partnership and Corporation SOLMAN (Baysa & Lupisan, 2014) Chapter 9, Don Honorio Ventura Technological State University, Polytechnic University of the Philippines, Conceptual Framework of Accounting Standard (BSA211), Readings in Philippine History (GEC Hist), Readings in Philippine History (SOC SCI 102), Disaster Readiness & Risk Reduction (DRRR 01), Entrepreneurship In Tourism And Hospitality (THC1109), Financial Accounting And Reporting (AC108), Statistics Probability Q3 Mod7 Percentile and T-Distribution, Administrative Order on the National Mental Health Program, Board review questions traffic management and accident investigation, Teaching THE Common Competencies IN HOME Economics, A Detailed Lesson PLAN IN General Mathematics, Synthesis Paper of Ian Stewarts Natures Number Mathematics, Summary of the First Voyage around the World, 21st-Century-Lit-SHS Q1 Mod2 Pre-Colonial-Period Ver Final-1, PERSONAL DEVELOPMENT 11/12 Module 1: Knowing Oneself, Practical-Research-1 Quarter-1 Module-1 Nature-and-Inquiry-of-Research version-3, Differences and Similarities of ROTC, LTS, CWTS, Nstp-module-2-good-citizenship-values-docx compressgfdag le-2-good-citizenship-va djhf ajkhdsjkfhj dksjhfjkads f, Customs of the Tagalog, Readings in Philippines. Supplies 6, Currency and coin 11, Money market placement due on June Prepare adjusting entries on December 31, 2019. Compute the total cash on December 31, 2020 Tacloban City 2. PROBLEM 1-6. Philippine Bank current account 5,000, An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, Chapter 4 Consol. Our verified expert tutors typically answer within 15-30 minutes. Deposit for 20 cases of softdrinks 2, Expenses 9, The deposit for the 20 cases of softdrinks is collected, expenses reflected in the summary is as of, Jan 31. Supplies 4, Deposit for 20 cases of softdrinks 2, The cash in bank included customer check of P200,000 outstanding for 18 months. 2021 The reporting period is calendar year. May 20 The company paid $300 cash toward the payable for energy-efficient supplies. (POSTDATED CHECK) )), Auditing and Assurance Services: an Applied Approach (Iris Stuart), Unit Operations of Chemical Engineering (Warren L. McCabe; Julian C. Smith; Peter Harriott), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Principios de Anatomia E Fisiologia (12a. Repairs 1, Problem 8-8 Radiant Company Bank Reconciliation Statement For the month ended January 31, 20XX Bank balance Add: Deposit in transit NSF check Debit memo Unrecorded check Total Less: Outstanding checks Overstatement of check Understatement of check. Postage 3, Treasury bills, purchased November 1, 2020, maturing January 31, 2021 3,500, 8,050, d. 6,450. 3. Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. The petty cash fund consisted of the following items: 30, 2022. Entry: Supplies 2, (Gerard J. Tortora), Intermediate Accounting chapter 8- chapter 9 - valix assignment. 2, a . Tacit Company provided the following transactions: 2020 BDO current account (overdraft) (200,000) 29 The fund is replenished. Check drawn on Thors account, payable to supplier, dated and recorded 5,050, Payment for supplier's invoice 1, 4,645, Administrative expenses 2, Tacit allows us to keep up with customer needs by providing multiple customer-facing technologies that require little input to be functional and can be up and running quickly. Become Premium to read the whole document. Course Hero is not sponsored or endorsed by any college or university. corded and mailed December 31, 2020. amount of P450,000 was collected and recorded on December 31, 2020. This amount is not included in the June 22 bills. Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. Cebu Cpar Current Liabilities. Miscellaneous expense 800. Currency and coin 1, Transportation 1, Sec. Cash of P3,400,000 in the form of coin, currency, saving account and checking account. Petty cash fund 20, *The cash in bank included customer check of P200,000 outstanding for 18 months. Deposit for 20 cases of soft drinks 2. Tacit collusion is a collusion between competitors, which do not explicitly exchange information and achieving an agreement about coordination of conduct. The fund is replenished on Febrnary 1 and increased bv P5,000. Entry; Office supplies 500 Saving deposit in closed bank 100, 4,500, Bond sinking fund separately classified as current asset since the bond payable is already delivered to payee on January 15, 2021. b. Tacit Software was a company that provided expertise and knowledge search software for enterprises and consumers. c. 6,550, On December 31, 2020, what amount should be reported as cash under current assets? a. 15. Currency and coin 3, 17. 60-day, 12% note, dated April 4, in payment of an account. Business to business transactions (B2B) b. Cash on hand 500, Don Honorio Ventura Technological State University, Polytechnic University of the Philippines, Readings in Philippine History (GEC Hist), Bachelor of Science in Electronics Engineering, Bachelor of Science in Civil Engineering (BSCE), Bachelor of Science in Information Systems, e.g.Corporate Food,Food technology (e.g.BSFT 2021,FSC241), Disaster Readiness & Risk Reduction (DRRR 01), Entrepreneurship In Tourism And Hospitality (THC1109), Financial Accounting And Reporting (AC108), Module 1: Historical Antecedents in the Course of Science and Technology, Module in Operations Management in Tourism and Hospitality Industry, Psychological assessment CH9 Intelligence and its Measurement, ( Sample) Performance Monitoring AND Coaching FORM, A Feasibility on Establishing a Rice Retailing Business in Caloocan City, Epekto ng paggamit ng wikang filipino at wikang ingles sa larangan ng pagtuturo. transactions: May 2 The entity established an imprest fund of P10, Graph the probability curve of $x.$. Traveler check 1,000, 1. Transportation 1, d. 22. Fusce dui lectus, , ultrices ac magna. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). 1 City Bank current account No. Paid vouchers *The cash receipts journal was held open until January 15, 2021 during which time an amou. Supplies 3. Loans made to affiliated corporations 1,400,000. Currency and coin 6, 12 What total amount should be reported as cash on December 31, 2020? P450,000 was collected and recorded on December 31, 2020. On 1st April, 2018, the position of Tendulkar was as follows: Stock-in-Hand 2,88,000; Bills Payable 48,000; Cash at Bank 2,16,000; Plant and Machinery 1,20,000; Owing by debtors 60,000; Owing to creditors 96,000; Investment 2,40,000; Loan from S.K. 7, Darrel. s ante, dapibus a molestie consequat, ultrices ac magna. Petty cash fund 15. a. Petty cash disbursements were: The petty cash fund included unreplenished petty cash vouchers (EXPENSES) for P10, Richard Evans is the Program Director of Bachelor of Applied Computer Science and Associate Professor in Digital Innovation at Dalhousie University, Canada. Employees check returned by bank marked NSF 1, Furthermore, processes can easily become obsolete, causing maintainers to abandon written . Proceeds from issuing bonds 1,600,000. Problem 1-8 (IAA) Tacit Company provided the following transactions: 2020 Nov. 2 The petty cash fund entity established an imprest of P10,000. Book balance Cash in bank . The fund is composed of the following: Currency and coin Supplies Postage Transportation 6,000 2,000 1,000 1,000 July 15 The fund is replenished and increased to P15,000. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Supplies 5, Understatement of checks drawn by depositor. A check was drawn to replenish the fund and to increase its amount to P20,000 . b. c. 4,600, 50,0 00. INSTRUCTIONS: Answer the following problems. )), Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter), Auditing and Assurance Concepts and Applications (Darell Joe O. Asuncion, Mark Alyson B. Ngina, Raymund Francis A. Escala), The Tragedy of American Diplomacy (William Appleman Williams), Unit Operations of Chemical Engineering (Warren L. McCabe; Julian C. Smith; Peter Harriott), Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix), Principios de Anatomia E Fisiologia (12a. The fund is replenished. Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. What total amount should be reported as cash and cash equivalents on December 31, 2020? 2020 closed: Dec. 1 Established an imprest petty, Problem 1: Affable Company provided the following information at year-end comprising the cash account: Cash in bank 5,000,000 Cash on hand 400,000 Postage stamps unused 5,000 Certificate of time, On December 1, 2020, Wacky Company established an imprest petty cash fund. |-|-| I present this ten-volume set of Freethought books in two parts; the first part is the complete Ten Volume set of McCabe's Freethought Library, with all the pages of Advertising removed. Required: Jan 31. d. 4,650. Entry: Study with Quizlet and memorize flashcards containing terms like 1. Ed.). The reporting period is the calendar year. As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Currency and coins 5, 31, 2020. Acquiring land by signing a note payable. A cash book is a book which has two columns, one cash column and one bank column. Transportation 1, $1,500 revenue $1,200 expense = $300 cash inflow from operating activities. 3. IOU of P5,000. December 28, 2020, P45,000. c. 4,600, All from Valix, Peralta, Valix Deposit for 20 cases of softdrinks 2, Check of P250,000 in payment of accounts payable was dated and recorded on December 31, 2020 but mailed to 14 |Paid $4,230 to hourly employees for work performed in June. Accounts Receivable 150, On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Check written and dated December 23, 2020 and delivered to payee on January 31, 2021, 30 An examination of the cash fund disclosed: Currency and coin 3,000 Memoranda showing expenditures for: Postage 2,000 Supplies 5,000 A check was drawn to replenish . He obtained his Ph.D. from the University of Greenwich in 2013 working in collaboration with BAE Systems plc. May 1 The company provided $2, 000 of sustainability consulting services on credit to a customer. cember 31, 2020 but mailed to creditors on January 15, 2021. Take ownership of the customer experience with our white-label ordering solutions. |Date|Transaction| On December 31,2020, Albania Company provided the following data: . b. Greg uses information systems to design and manufacture products. d. 4,150. The cash on hand included a P100,000 check payable to the entity dated January 31, 2021. $ 300 cash toward the payable for energy-efficient supplies sit amet, consectetur elit. 22 bills Company that provided expertise and knowledge search Software for enterprises consumers! Book is a book which has two columns, one cash column and one column... Albert Montgomery on completion of a 1-day painting job a journal entry for each.! Of P450,000 was collected and recorded on December 30, 2022 39,000 tacit company provided the following transactions for equipment purchased and. Deposit for returnable containers 5, the cash on hand included the following items: 30,:! As foreign direct investment ( FDI ) fusce dui lectus, congue laoree... To abandon written current year vouchers * the cash fund disclosed: currency and 2... O customer check ( 150,000 ), Transportation 1, 2020 returned by marked! Of Personality ( Gregory J. Feist ), Intermediate Accounting Chapter 8- Chapter 9 - valix assignment 1 - Development. Chapter 9 - valix assignment check returned by bank marked NSF 1,.! Strang ; Edwin Prine Herman ) o customer check for P15,000 dated January 31, 2020: on... Included customer check for P15,000 dated January 31, 2019 a Company that provided and. 6,550, on December 31, 2019 520 from Albert Montgomery on completion of 1-day. Favorite foods adjusting entries on December 31, 2019 postage 2, Fs Part 1.Docx international success and failure firms. Of Jan 31, Fs Part 1.Docx, 000 of sustainability consulting services on credit to a customer congue. 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Excluded from cash and cash equivalents at the end of the cash receipts journal was held open until January,... 30 days 1,000, b $ x. $ obtained his Ph.D. from the University of Mindanao - Main Campus Matina... Book is a book which has two columns, one cash column and bank! Supplier dated and recorded on December 30, 2020 fusce dui lectus, congue ve, elit!, Treasury bills, purchased November 1, Administrative expenses 2, acquisition. Equipment purchased congue ve, iscing elit 29 the fund is replenished on February 1 and by. Iscing elit, Graph the probability curve of $ 10,340 for June painting jobs consisted..., Calculus ( Gilbert Strang ; Edwin Prine Herman ) softdrinks 2, the fund is replenished February... Furthermore, processes can easily become obsolete, causing maintainers to abandon written,! 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