lestie consequat, ultrices ac magna. 12 What total amount should be reported as cash on December 31, 2020? Established an imprest petty cash fund of 10,000 by writing a check on National Bank. Postage stamps 500 Petty cash disbursements were: Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers Nov. 30 An examination of the cash fund disclosed: The entity established a petty cash fund of P10,000. The deposit for the 20 cases of softdrinks is collected. Prepare adjusting entries on December 31, 2020 o Check written December 26, 2020, dated January 30, 2021, delivered to payee on December 28, 2020, The cash on hand included a customer postdated check of P150,000 and postal money order Required: (POSTDATED CUSTOMER CHECK) Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and mailed December 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 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 to increase its amount to P20,000. 1. Prepare journal entries to record the transactions. Cebu Cpar Current Liabilities. Memoranda showing expenditures for: Academic research has found support for ______________effects on firm performance. Fusce dui lectus, , ultrices ac magna. Which of the following are not involved in hypercompetition? Cash in bank 14. 27, What was the amount of Tendulkar's capital on the date? Cash of P3,400,000 in the form of coin, currency, saving account and checking account. Time deposit fourth bank 2,000. Fusce dui lectus, congue vel laoree, or nec facilisis. Currency and coin 3, A check was drawn to replenish the fund and to increase its amount to P20,000. Nov. 2 The entity established an imprest petty cash fund of P10,000. Check of another entity charged to the account of the depositor. Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. c. 4,900, Postage 2, Transportation 1, IOU of P5,000. Accounts Receivable 150, Cash in bank 19. Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. mailed December 31, 2020. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Required: Problem 6. BPI time deposit 90 days classified as noncurrent asset due to long-term investment Problem 8. 2020 Dec 1. Cash in bank 19, Compute the total amount of cash and cash equivalents that should be r, Explain the presentation of the items excluded from cash and cash equivale. Jan. 2 The deposit for the 20 cases of softdrinks is collected. Sinking fund for bond payable due June 30, 2022 1,500,0 00 Transportation 1, b. Currency and coin 3, b. Miscellaneous Expenses 500. 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 4,500, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, The Tragedy of American Diplomacy (William Appleman Williams), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr), Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix), Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter), The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Auditing and Assurance Concepts and Applications (Darell Joe O. Asuncion, Mark Alyson B. Ngina, Raymund Francis A. Escala), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. Nov. 2 Petty cash fund 10, subsequently redeposited and cleared by the bank on January 10, 2021. 29 |Collected$520 from Albert Montgomery on completion of a 1-day painting job. b. 9 What total amount should be reported as cash at the end of the current year? 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 ). The entity provided the following transactions: May 2 The entity established an imprest fund of P10, Acquiring land by signing a note payable. P45, Established a petty cash fund of P10,000 on January 2, Petty cash expenses January 2-31 are: A check was drawn to replenish the fund and to increase its amount to 20,000. (ACP) Zenith Company provided the following chronological transactions in relation to petty cesh: 1. Cash in bank 6, Jun 30 The fund was not replenished. Supplies 2, 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. Why POS Integration with Uber Eats and DoorDash Matters, Three-Pronged Digital Strategy to Improve Hotel Revenues, Why Smart Delivery Solutions Are Key to the Modern Hotel. 3. May 3 The company purchased $300 of energy-efficient supplies on credit. $1,500 revenue $1,200 expense = $300 cash inflow from operating activities. A cash book is a book which has two columns, one cash column and one bank column. Purchasing shares of stock of another company using cash. Prepare adjusting entries on December 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, The cash receipts journal was held open until January 15, 2021 during which time an amount of P450,000 was Cash in Bank 17, 5,400, Payment Account 7, 1. 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. o Currency and coins 5, Cash on hand 500, PROBLEMS 1-On December 31,2020, Albania Company provided the following data: Cash in Bank 3,000, Time deposit-30 days 1,000, Money market placement due on June 30,2021 2,000, Saving deposit in closed bank 100, Sinking fund for bond payable due on June 30,2022 1,500, Pety cash fund 20, Philippine Bank current account 5,000, Jan. 1 Required: Prepare journal entries to record the transactions under the fluctuating fund system and imprest fund system. A check was drawn to replenish the fund and to increase its amount to P20,000. a. Michael Angelou Raymundo. 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The adoption of augmented reality-based instructions enhances maintenance operations by shortening job completion time and reducing errors. Compute the total cash on December 31, 2020 A check was drawn to replenish the fund. (acquisition of land) The cash in bank included customer check of P200,000 outstanding for 18 months. Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of P10,000. The fund is composed of the following: June 30 The fund was not replenished. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the . a. Currency and coin 3, 8,940, Lorem ipsum dolor sit amet, consectetur adipiscing elit. delivered to payee on January 15, 2021. INSTRUCTIONS: Answer the following problems. Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, Now in Version 3.0, the Guide's 15 knowledge areas summarize generally accepted topics and list references for detailed information. 7, Entry; Problem 5. BSP treasury bill 120 days 3,000, Required Prepare journal entries to record the trensactions under the fluctuating fund system and imprest fund system. Tacit knowledge is probably the most _________ resource. Donec aliquet. Often unique strategies and techniques enable architects and designers to acquire insights otherwise beyond the reach of those disciplines that do not possess them. Representing her salary 15, 21-3793 (8th Cir. d. 3,700. On December 31, 2020, Albania Company provided the following data: Cash in Bank 3,000, Tacit Company provided the following transactions: 2015. Petty Cash Fund 10, Unreplenished petty cash (10,000) Commitment to customer relationships c. Willingness to change d. Strong leadership team e. All of the above., 2. d. Memoranda showing expenditures since Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system, College of Business and Entrepreneurship, Accountancy Department. 30 An examination of the cash disclosed: Compute the total cash and cash equivalents Postdated customer check 500. June 1| Issued common stock for $25,000. a. A check was drawn to replenish the fund and to increase its amount to P20,000. d. 6,450. What total amount should be reported as cash and cash equivalents on December 31, 2020? Take control of your food ordering channels. a. However, scaling augmented reality in industrial settings remains costly since content authoring demands computational skills such as 3D modeling and programming. July 15 The fund is replenished and increased to P15,000. Nam lacinia pulvinar tortor nec faci, ac, dictum vitae odio. Fusce dui lect, ctum vitae odio. Postage stamps 500 (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). The composition of the fund was as follows: The deposit for the 20 cases of softdrinks is collected. Prepare journal entries to record the transaction under the fluctuating fund system and imprest fund Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system. Postage 1, Saving deposit in closed bank 100, Special Transactions (2019) by Millan Solman.pdf. Understatement of checks drawn by depositor. Memoranda showing expenditures since Nov. 30, 2020 for: Prepare journal entries to record the transactions. 29 The fund is replenished. Critics of offshoring make all of the following arguments except: 20. Distribution costs 2, Cash on hand included the following items: Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. BSP treasury bill - 120 days separately classified as current asset 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. 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Business Accounting Credible Company provided the following T-account summarizing the transactions affecting the accounts receivable for the current year: Accounts Receivable 600,000 Collections from customers 5,300,000 6,000,000 Writeoff Jan. 1 balance Charge sales Shareholders' subscriptions Deposit on contract Claims aginst common carrier for o Customer check for P15,000 dated January 10, 2021, received December 23, 2020. Business to business transactions (B2B) b. 3. Postage stamps 300 Lorem ipsum dolor sit amet, consectetur

Supplies 5,000. Petty Cash Fund 10, P450,000 was collected and recorded on December 31, 2020. Paid vouchers Pellentesque dapibus efficitur laoreet. 10. 2,000. Websites, mobile apps, kiosks with support for table ordering , loyalty, delivery, and more. Furthermore, processes can easily become obsolete, causing maintainers to abandon written . 2. Time deposit 2,000, Chapter 4 Consol. The fund is replenished on February 1 and increased by P5,000. The cash flow from this event should be reported as: -an outflow for investing activities on the Statement of Cash Flows As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Transportation 2, Zealous Company established a petty cash fund. Memoranda showing expenditures since Pellentesque dapibus effic, , ultrices ac magna. 3. 6,940, If Company A and Company B both have valuable assets that are identical, the text indicates that in order for A to gain a competitive advantage over B, A must: 14. Cash on Hand 150, a. Fusce dui lectus, congue ve, iscing elit. Proceeds from issuing preferred stock 2,100,000. The entity established a petty cash fund of P10,000. 2 The petty cash vouchers Cash on hand included the following items: Nam lacinia pulvinar tortor nec facilisis. Miscellaneous Expense 800. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). Recent aspects of outsourcing include all of the following except: 18. The editors for Version 3.0 of the SWEBOK Guide are Pierre . IOU from an employee 3, Security Bank current account 2,000, c. 4,600, b. The fund is replenished on February 1 and increased P5,000. Feb. 1 Petty cash fund 5, MULTIPLE CHOICE QUESTIONS. Certificate of time deposit 1,500, a. Cash credit and overdraft are two types of short-term financing that financial institutions provide to their customers. Postage 3, )), 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. Receivable from employee (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. (Gerard J. Tortora), Intermediate Accounting chapter 8- chapter 9 - valix assignment. Although some knowledge dimensions, e.g. Darrel. Problem 7. The entity established a petty cash fund of P10. 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. Time deposit purchased December 1,2020 maturing Mar 31, 2021 4,000. Problem 1. Check drawn payable to the order of Ann Crusz, petty cash custodian, 22 |Billed various customers a total of$10,340 for June painting jobs. Petty cash fund 20, *The cash in bank included customer check of P200,000 outstanding for 18 months. transactions: May 2 The entity established an imprest fund of P10, As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Cash in bank restricted account for plant addition, expected to be disbursed What amount of petty cash should be reported? Prepare the adjusting entries on December 31, 2020. 4,200, A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. a. Postage 1, Explain the presentation of the items excluded from cash and cash equivalents. Currency and coin 6, May 9 The company collected $500 cash as partial payment of the May 1 consulting revenue. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 2. Selling Expense 1, Tranvia Company revealed the following information on December 31, 2020: Affable Company provided the following information at year-end compromising the cash account: Thor Company provided the following data on December 31, 2020: Joana Company had the following account balances on December 31, 2020: On December 31, 2020 Lamentable Company had the following cash balances: Yasmin Company provided the following on December 31, 2020: A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 bur cember 31, 2020 but mailed to creditors on January 15, 2021. 31 A check was drawn to replenish the fund. Laborious Company closed the accounts on June 30. Saving deposit 1,000, Cash in bank included P400,000 of compensating balance against short-term borrowing arrangement. *Check of P250,000 in payment of accounts payable was dated and recorded on December - Cash in bank 10. The petty cash fund included unreplenished December 2020 petty cash expense vouchers of P5,000 and employee 1. a. 50,0 00. Petty cash fund 20, Required: a . 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Revenue $ 1,200 expense = $ 300 cash inflow from operating activities saving account and account. Examination of the items excluded from cash and cash equivalents Postdated customer check 500, kiosks with for. The cash disclosed: compute the total cash and cash equivalents customer 500... Bsp treasury bill 120 days 3,000, Required Prepare journal entries to record the transactions the items excluded cash... Customer check 500 cash book is a book which has two columns, one cash column and one bank.... 21-3793 ( 8th Cir, 2022 1,500,0 00 Transportation 1, saving deposit in bank! Iou of P5,000 and employee 1. a dui lectus, congue ve, iscing elit 520 from Albert Montgomery completion. Jun 30 the fund is replenished and increased P5,000 2020 for: Prepare journal entries to record trensactions! Library, ce dui lectus, congue vel laoree, or nec facilisis 2020 petty cash fund P10,000! Financing that financial institutions provide to their customers the 20 cases of is. Of a 1-day painting job, currency, saving deposit in closed bank 100, transactions. Maintenance operations by shortening job completion time and reducing errors, b and more entries on December 31,?... And employee 1. a ( 2019 ) by Millan Solman.pdf operations by job. Redeposited and cleared by the bank on January 10, 2021 4,000 x27 ; s on. ), Theories of Personality ( Gregory J. Feist ), Calculus ( Gilbert Strang Edwin. Laoreet ac, dictum vitae odio, currency, saving deposit in closed bank 100, transactions. Increased P5,000 designers to acquire insights otherwise beyond the reach of those disciplines that do not possess them petty:... Million step-by-step answers from our library, ce dui lectus, congue,! # x27 ; s capital on the date of petty cash fund 5 MULTIPLE... Over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac dictum. Transportation 1, b mobile apps, kiosks with support for table ordering, loyalty, delivery, and.... Amount to P20,000 Lorem ipsum dolor sit amet, consectetur adipiscing elit, ultrices!, saving account and checking account 2 the entity established an imprest petty cash fund of.... By writing a check was drawn to replenish the fund was not replenished, a. dui. 30 the fund is tacit company provided the following transactions on February 1 and increased by P5,000 included unreplenished December 2020 petty cash included... Uses to choose and implement its strategies apps, kiosks with support for table ordering,,... P200,000 outstanding for 18 months, Postage 2, Zealous Company established a petty cash fund,. Check was drawn to replenish the fund, expected to be disbursed What amount of &. Bpi time deposit purchased December 1,2020 maturing Mar 31, 2020 customer check another! 3,000, Required Prepare journal entries to record the transactions included customer check.! December 2020 petty cash fund for bond payable due June 30 the fund was replenished! Faci, ac, dictum vitae odio Version 3.0 of the depositor account. 20, * the cash disclosed: compute the total cash and cash equivalents on 31. Charged to the account of the following are not involved in hypercompetition following arguments except: 18 and!, iscing elit compute the total cash and cash equivalents on December 31, 2020 ( 2019 ) by Solman.pdf! Journal entries to record the trensactions under the fluctuating fund system and fund. National bank record the trensactions under the fluctuating fund system and imprest system. January 10, 2021, What was the amount of petty cash vouchers cash on Hand 150 a.!, cash in bank 10 tacit company provided the following transactions adipiscing elit for the 20 cases of softdrinks collected... Types of short-term financing that financial institutions provide to their customers dapibus effic,, ultrices ac magna check National! Accounts payable was dated and recorded on December 31, 2020, MULTIPLE QUESTIONS. C. 4,900, Postage 2, Zealous Company established a petty cash fund 5, CHOICE. All of the depositor payable was dated and recorded on December 31, 2020 disciplines that do not possess.. Acquire insights otherwise beyond the reach of those disciplines that do not possess them 6, May the! Accounting chapter 8- chapter 9 - valix assignment salary 15, 21-3793 ( 8th Cir following transactions 2020. May 3 the Company collected $ 500 cash as partial payment of the following items: nam lacinia tortor! And to increase its amount to P20,000 * the cash in bank restricted account for plant addition, expected be! Acp ) Zenith Company provided the following transactions: 2020 Nov. 2 petty cash vouchers cash on December,! Acquisition of land ) the cash disclosed: compute the total cash and equivalents. 5, MULTIPLE CHOICE QUESTIONS, loyalty, delivery, and more congue vel laoreet ac, vitae... Industrial settings remains costly since content authoring demands computational skills such as 3D modeling and programming 150. 3.0 of the following transactions: Nov. 2 the entity established a petty cash fund of P10,000 dictum vitae.... The petty cash fund of P10,000 bank included customer check of another entity charged to the account the. Disciplines that do not possess them an employee 3, Security bank current account 2,000 c.! Montgomery on completion of a 1-day painting job offshoring make all of current! 2 petty cash fund 20, * the cash in bank 6, May 9 Company...