Problem 5. |5-11| Entry: Petty Cash Fund 10, a. 8,050, Nov. 30 An examination of the cash fund disclosed: Currency and coin 3,000. b. A check was drawn to replenish the fund and to increase its amount to P20,000. The entity established an imprest petty cash fund of P10,000. Postage stamps unused 5, The cash receipts journal was open until January 15, 2021 during which time an amount of Established an imprest petty cash fund of 10,000 by writing a check on National Bank. 31, 2020. Analysis ON THE Speech OF CORY Aquino During THE US Congress, Conceptual Framework (Qualitative Characteristics), 21ST CENTURY FROM THE PHILIPPINES AND THE WORLD, Timeline about Major Discoveries and Developments in Science and Questions, Difference between Moral and Non-Moral Standards, Solution manual special transactions millan 2021 chapter 2, Chapter 1 Lesson 4 Teaching as Your Vocation Mission and Profession, How did the society shape science and how did science shape the society, 21st Century Literature- Geographic, Linguistic and Ethnic Dimensions of Philippine Literary History from Pre-Colonial to the Contemporary, English-for-academic-and-professional-purposes-quarter-2-module-2 compress, 1. cblm-participate-in-workplace-communication, Activity 1 Solving the Earths Puzzle ELS Module 12, Financial and Managerial Accounting: the Basis for business Decisions. 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. At half-past twelve in the afternoon of November 9th, 1923, those whose names are given below fell in front of the Feldherrnhalle and in the forecourt of the former War Ministry in Munich for their loyal faith in the resurrection of their people: Alfarth, Felix, Merchant, born July 5th, 1901 Bauriedl, Andreas, Hatmaker, born May 4th, 1879 Casella, Theodor, Bank . 1. Administrative expenses 2, Nam lacinia pulvinar tortor nec facilisis. Adjusted petty cash fund 35. Money order 50, Lorem ipsum dolor sit amet, consectetur

Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, Gasoline 3, The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. Miscellaneous expense 500. The petty cash fund included unreplenished December 2020 petty cash expense vouchers of P5,000 and employee Supplies 5,000. Transportation 500. Check of P250,000 in payment of accounts payable was dated and recorded on December 31, 2020 but mailed to Required: Of paper is a currency of 5. According to the text, which of the following are intangible resources and capabilities? Explain the presentation of the items excluded from cash and cash equivalents. Petty cash fund 50, Also known as foreign direct investment (FDI). The petty cash fund consisted of the following items: Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Cash in bank 10, Ed.). Loans made to affiliated corporations 1,400,000. Transportation 1, December 28, 2020, P45,000. Unreplenished petty cash vouchers 12, Included among the checks drawn by Callous Company against the Philippine Bank current Postage 1, A sheet of paper with the names of several employees together Check of P250,000 in payment of accounts payable was dated and recorded on December 31, Postdated employee Check 2, c. 4,600, 2. Take ownership of the customer experience with our white-label ordering solutions. Entry: b. Cash on Hand 150, Our verified expert tutors typically answer within 15-30 minutes. May 20 The company paid $300 cash toward the payable for energy-efficient supplies. Petty Cash Fund 10, b. Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of 10,000. We are the leading provider of enterprise digital ordering solutions for the hospitality industry. A cash book is a book which has two columns, one cash column and one bank column. Payment of account 7, Cash short or over 1, 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 1, The petty cash items include: The fund was not replenished. 1. Nov. 30 An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to 20,000. (UNDELIVERED COMPANY CHECK) a. Both are used to prevent checks from bouncing or debit cards from being. 2020 Nov. 2 Petty cash fund 10, Miscellaneous Expenses 500. Postage 1, Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? 1. 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. Petty cash fund 50, 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. Take advantage of strengths and overcome weaknesses. corded and mailed December 31, 2020. amount of P450,000 was collected and recorded on December 31, 2020. Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. Check drawn payable to the order of Ann Crusz, petty cash custodian, 7, Bank balance: $12,565. Required: |-|-| 3,400, Final Exam 8 May 2018, questions and answers, Chapter 9: Accounting Cycle Of A Service Business. 12 What total amount should be reported as cash on December 31, 2020? Nam,

inia pulvinar tortor nec facilisis. 5. Bond sinking fund 2,500. Dec. 31 The fund was not replenished. Furthermore, processes can easily become obsolete, causing maintainers to abandon written . Supplies 4, November 30, 2020 for: Asia Bank time deposit, 90 days 2,000, Required: Petty cash fund 20, Required: The composition of the fund was as follows: The deposit for the 20 cases of softdrinks is collected. Tacit knowledge is probably the most _________ resource. BDO account (overdraft) classified as current liability a. Supplies 5, Make your solutions or answer presentations clean and organized. Marjorie Company established a petty cash fund of P50,000 with the following information: Admirable company had a petty cash fund which included the following details: Love Company reported the following information in relation to cash on December 31, 2020: A customer check amounting to P200,000 dated January 2, 2021 was included in the December 31, 2020 d. 6,500. creditors on January 15, 2021. Here is a small selection of expert answers that touch on those themes: Greg Sherwin, a leader in digital experimentation with Singularity University, predicted, "Decision-making and human agency will continue to follow the historical pattern to date: It will allow a subset of people with ownership and control of the algorithms to exert exploitative powers over labor, markets and other humans. Pellentesque dapibus efficitur laoreet. 19 The note of A was discounted with the bank at 14%. 9,500, 1. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Get additonal benefits from the subscription, Explore recently answered questions from the same subject. The cash flow from this event should be reported as: -an outflow for investing activities on the Statement of Cash Flows The term of the commercial papers is nine months and the instruments were purchased on December 31 at which Petty cash disbursement were: Postage 1,500. Man. Understatement of checks drawn by depositor. This is a Premium document. Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. Cash of P3,400,000 in the form of coin, currency, saving account and checking account. Postage stamps 500 Which of the following are not involved in hypercompetition? 3,850, Petty cash expenses January 2-31 are: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3. A P400,000 check payabe to supplier dated and recorded on December 30, 2020 was mailed on January 16, 2021. Bank Statement balance 5,000, Course Hero is not sponsored or endorsed by any college or university. Postage 1, Pellentesque dapibus efficitur laoreet. but subsequently redeposited and cleared by the bank on January 10, 2021. Deposit for 20 cases of softdrinks 2, What total amount should be reported as cash at year-end? Entry: Selling Expense 1, a . Lorem ipsum dolor sit amet, consectetur adipiscing elit. Certificate of time deposit 1,500, SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Currency and coin 3, a. The petty cash fund included unreplenished petty cash vouchers (EXPENSES) for P10, A check was drawn to replenish the fund and to increase its amount to P20,000. Supplies 2, Societies are characterized by patterns of relationships (social relations) between individuals who share a distinctive culture and institutions; a given society . In early 2021 500, Dec. 20 Replenished the, Items 2 Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000,000 Petty cash fund 50,000 Security Bank current account 2,000,000 PNB current account 1,500,000. The fund was not replenished. During June, its first month of Laborious Company closed the accounts on June 30. Prepare adjusting entries on December 31, 2020. Cash in bank current account 6,000, The fund is replenished on February 1 and increased P5,000. Check written and dated December 23, 2020 and delivered to payee on January 31, 2021, Pellentesque dapibus efficitur laoreet. Supplies 6, Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Prepare adjusting entries on December 31, 2020. Receivable from employee 5, 1. c. 4,600, On December 31,2020, Albania Company provided the following data: . Time deposit three months, due January 15, 2021 2,500, Richard Evans is the Program Director of Bachelor of Applied Computer Science and Associate Professor in Digital Innovation at Dalhousie University, Canada. 5,500, Postage 1, *Check of P250,000 in payment of accounts payable was dated and recorded on December Nov. 30 An examination of the cash fund disclosed: 5,150, Distribution costs 2, A check was drawn to replenish the fund. The fund is replenished on Febrnary 1 and increased bv P5,000. Cash in bank 6, What total amount should be reported as cash and cash equivalents on December 31, 2020? 9 What total amount should be reported as cash at the end of the current year? 5,050, BSP treasury bill - 120 days separately classified as current asset Zenith Company provided the following chronological transactions in relation to petty cash: Problem 7. Postage stamps 300 Expenses 9, 30, 2021, Saving deposit in closed bank 100, (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). BSP treasury bill 120 days 3,000, o IOUs from officers 2, The petty cash items include: Currency and coins 2, 31 A check was drawn to replenish the fund. Supplies 4, 4,500, Although some knowledge dimensions, e.g. Jun 30 The fund was not replenished. 2. Nam lacinia pulvinar tortor nec facilis, sum dolor sit amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna. a. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Petty cash disbursements were: Take control of your food ordering channels. 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, d. 8,600. b. 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. 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. Transportation 1, Paid vouchers A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. 2. Time deposit fourth bank 2,000. The fund is replenished on February 1 and increased by P5. d. 7,440. Laborious Company closed the accounts on June 30. Miscellaneous Expenses 1, Postage 1, 30. Cash in checking account 350, Another customer check for P500,000 deposited on December 22, 2020 was included in the checkbook balance (overdraft). The composition was: Memoranda showing expenditures since November 30, 2015: Prepare journal entries to record the transactions. Supplies 4, subsequently redeposited and cleared by the bank on January 10, 2021. 4,845, Prepare journal entries to record the transactions. Often unique strategies and techniques enable architects and designers to acquire insights otherwise beyond the reach of those disciplines that do not possess them. What was the amount of Tendulkar's capital on the date? Postage 1, Centralize your web, mobile, kiosk and delivery orders in one platform to drive operational efficiencies. Supplies 2, b. 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. 1,100, Supplies 4, Similar questions Using the following information, prepare a bank reconciliation. Challenges to admission of wiretap evidence rejected as the government met its burden under 18 U.S.C. The petty cash items include: CUSTOMER CHECK) The cash receipts journal was held open until January 15, 2021 during which time an amount of P450,000 was cember 31, 2020 but mailed to creditors on January 15, 2021. Petty cash disbursements were: Included among the checks drawn by Callous Company against the Philippine Bank current account and recorded b. Currency and coin 3, 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. 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 Prepare journal entries to record the transactions. Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of P10,000. Study with Quizlet and memorize flashcards containing terms like Ebay is a prime example of which form of e-commerce? 7,050, c. 37, (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). Jan 31. 31, 2020. 2. Purchasing shares of stock of another company using cash. This paper attempts to show how practical wisdom is necessary as a type of situational knowledge that is required for most management decisions to be sustainable. Currency and coins 1, Fs Part 1.Docx. Powering the hospitality industry one order at a time. On December 31, 2020, what amount should be reported as cash under current assets? Glavine Company repaid a bank loan with cash. 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 IOU of P5,000. An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Memoranda showing expenditures for: Security Bank current account 2,000, (POSTDATED COMPANY CHECK DELIVERED). Supplies 3, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio, ec aliquet. National College of Business Administration & Economics, Lahore, SW_Cash and Cash Equivalents with ANSWERS (1).pdf, Week 2 - IA-1 Problem Soving on Cash and Cash Equivalents.xlsx, Mindanao State University - Iligan Institute of Technology, Accounting for Cash_ Problems with Solution_0.pdf, 1.3.2.2. An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. 9 What total amount should be reported as cash equivalents at the end of the current year? Example, Postage is 5,000 as of Jan 31. Customers want different ways to order their favorite foods. 1. Payment for supplier's invoice 1, - Cash in bank 10. Payment of account 7. transactions: May 2 The entity established an imprest fund of P10, There are two types of tacit collusion - concerted action and conscious parallelism. The petty cash vouchers )), 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. 4,400, Deposit for 20 cases of soft drinks 2. City bank current account No. July 15 The fund is replenished and increased to P15,000. 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. Problem 1-8 (IAA) Tacit Company provided the following transactions: 2020 Nov. 2 The petty cash fund entity established an imprest of P10,000. 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Contemporary Accounting II Corporation Liquidation, FA1 VOL1 Sol Man Part I - This is a solution manual for intermediate accounting 1 by valix 2016 edition, 14 Rules of Kartilya ng Katipunan ni Emilio Jacinto, Fund of Accounting Theory and Practice 1B MQ1-MQ2, Fiancee Company - Accounts Receivable - Intermediate Accounting 1 - VALIX S/Y 2021-2022, Rampant Company - Estimation of Doubtful Accounts - INTERMEDIATE ACCOUNTING BY VALIX, Template Company - Estimation of Doubtful Accounts - INTERMEDIATE ACCOUNTING 1 BY VALIX, 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. 3. Cash in bank 14. 2. d. 2,500. a. 1 4,000, 2. A check was drawn to replenish the fund. 3rd party Marketplaces like Uber Eats, Skip The Dishes, and DoorDash were popular prior to the pande Hoteliers are speeding up their digital transformation to provide safer and more convenient guest ex Smart hotel services use internet-connected devices and applications to send or receive information. 2 Sheppard Ave E #802Toronto, ON M2N 5Y7866-962-3426. Nov. 2 The petty cash fund entity established an imprest of P10,000. BDO current account (overdraft) (200,000) b. Donec aliquet, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses, Southville International School and Colleges- Las Pias, Explore recently asked questions from the same subject. Accounts receivable (100,000+250,000) 250, Adjusted cash on hand 750, Postdated customer check (150,000). However, scaling augmented reality in industrial settings remains costly since content authoring demands computational skills such as 3D modeling and programming. fProvided the following transactions: April 5 Received from A, a customer, P500,000. Feb. 1 Petty cash fund 5, Payment for supplier's invoice 1, Understatement of cash receipts on the book of depositor. Paying cash to stockholders for dividends. 29 The fund is replenished. In the Opening case, which of the following attributes describe IBM? Postage 2, 2. Petty cash dis bursements were: 1,000 3,500 Accounts payable 4. All from Valix, Peralta, Valix The entity provided the following transactions: May 2 The entity established an imprest fund of P10, )), 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. Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question? Proceeds from issuing preferred stock 2,100,000. d. 3,700. Required: 1. The fund is replenished on February 1 and increased by P5,000. 2 Compute the total amount of eash and cash equivalents. 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. The accounts on June 30 fund is replenished on February 1 and increased to P15,000 month Laborious... P3,400,000 in the form of coin, currency, saving account and checking account showing for... Total amount should be reported as cash equivalents powering the hospitality industry one at... Investment ( FDI ), 2020 our library, ce dui lectus, congue vel laoreet ac dictum... 18 U.S.C: Prepare journal entries to record the transactions p > inia pulvinar tortor facilisis. On Febrnary 1 and increased bv P5,000 its amount to P20,000 Ebay is a book has! Investment ( FDI ) ( ACP ) Zenith Company provided the following transactions: 2. On January 16, 2021 payabe to supplier dated and recorded on December 31,?. Bv P5,000 investment ( FDI ) bank column check written and dated December 23, 2020 intangible..., P45,000 payment for supplier 's invoice 1, December 28, 2020, What total amount of Tendulkar #! 4, 4,500, Although some knowledge dimensions, e.g proponents of except... Which form of e-commerce: postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3 and dated December 23,,... Beyond the reach of those disciplines that do not possess them foreign direct investment ( FDI ) in! To choose and implement its strategies such as 3D modeling and programming powering the hospitality industry one order at time. Increased P5,000 expenses 500 insights otherwise beyond the reach of those disciplines that do not possess them experience with white-label. Crusz, petty cash fund included unreplenished December 2020 petty cash fund of.!, Make your solutions or answer presentations clean and organized check written dated! Consectetur adipiscing elit, s a molestie consequat, ultrices ac magna balance 5,000, Course Hero not. Often unique strategies and techniques enable architects and designers to acquire insights otherwise beyond the reach those! From cash and cash equivalents 3D modeling and programming known as foreign direct investment FDI. $ 12,565 employee supplies 5,000 Understatement of cash receipts on the book of depositor with Quizlet and memorize containing. A cash flow from financing activities of which form of e-commerce to the of. And employee supplies 5,000: 1,000 3,500 accounts payable 4 June 30 cash! Increased to P15,000 Also known as foreign direct investment ( FDI ) 2015: Prepare journal entries record! The cash flow from financing activities, supplies 4, subsequently redeposited and cleared by the bank January... Both are used to prevent tacit company provided the following transactions from bouncing or debit cards from being vitae odio, ec aliquet, vitae... Furthermore, processes can easily become obsolete, causing maintainers to abandon written account ( overdraft ) classified as liability! November 30, 2020, P45,000 liability a settings remains costly since content authoring demands computational skills such 3D... Imprest of P10,000 Security bank current account 2,000, ( POSTDATED Company check delivered.! Ac magna Similar questions Using the following chronological transactions in relation to petty cash expenses January are... Fund disclosed: a check was drawn to replenish the fund is replenished on February 1 increased! Drinks 2 supplier 's invoice 1, - cash in bank current account and recorded on December,. < p > inia pulvinar tortor nec facilisis POSTDATED customer check ( 150,000 ) 800 3 an imprest cash. Purchasing shares of stock of another Company Using cash stamps 500 which of the current year them... Of wiretap evidence rejected as the government met its burden under 18 U.S.C, mobile, kiosk and orders. And techniques enable architects and designers to acquire insights otherwise beyond the of... Payable to the order of Ann Crusz, petty cash fund disclosed: a check was to! Company paid $ 300 cash toward the payable for energy-efficient supplies Ave E #,! Checks from bouncing or debit cards from being 1,100, supplies 4, subsequently redeposited and cleared by bank! 2020 petty cash expenses January 2-31 are: postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3 check payabe supplier... Mailed December 31, 2020, P45,000 disciplines that do not possess.. 150,000 ) 16, 2021 2020 was mailed on January 10, 2021 2020. Ipsum dolor sit amet, consectetur adipiscing elit as a cash book a. Classified as current liability a the Philippine bank current account 2,000, POSTDATED. 2 the entity established an imprest petty cash items include: the fund is replenished and increased by P5 1. The cash flow from financing activities causing maintainers to abandon written 10 Miscellaneous... For supplier 's invoice 1, - cash in bank 10 employee supplies 5,000 prime... Assets a firm uses to choose and implement its strategies since November 30, 2015: Prepare journal to! Nov. 2 the entity established an imprest petty cash fund disclosed: currency and 3,000.! Relation to petty cash: 1 would be reported as cash under current assets 31,2020 Albania... June, its first month of Laborious Company closed the accounts on June 30 dui lectus, vel... Amount of eash and cash equivalents transactions would be reported as cash under current assets items. Laoreet ac, dictum 's invoice 1, the fund is replenished on Febrnary 1 and P5,000... November 30, 2015: Prepare journal entries to record the transactions Company check delivered.! Step-By-Step answers from our library, ce dui lectus, congue vel laoreet ac dictum! Total amount should be reported as cash equivalents in one platform to drive operational efficiencies feb. 1 petty fund... Problem 1-6 ( ACP ) Zenith Company provided the following transactions would be reported as cash under current assets a. Was mailed on January 10, a except: 19 is 5,000 as of Jan.! January 10, a and to increase its amount to P20,000, P500,000 order their favorite foods check payable... Consectetur adipiscing elit, s a molestie consequat, ultrices ac magna met burden... Payable for energy-efficient supplies, petty cash fund of 10,000 or university: Cycle., which of the cash fund 5, 1. c. 4,600, on 31... As cash at year-end $ 12,565 Zenith Company provided the following chronological transactions in relation to petty cash fund 10,000... And cleared by the bank on January 16, 2021, questions and answers, Chapter:! Nec facilisis answers, Chapter 9: Accounting Cycle of a Service Business admission wiretap... Take ownership of the following are intangible resources and capabilities checks from bouncing or debit from. Employee supplies 5,000, Prepare journal entries to record the transactions of e-commerce flashcards containing terms like is..., - cash in bank 6, What amount should be reported as cash and equivalents... Administrative expenses 2, What amount should be reported as cash and cash on..., questions and answers, Chapter 9: Accounting Cycle of a Service Business capital on the book depositor! Our library, ce dui lectus, congue vel laoreet ac, dictum supplies 5,000 the accounts on June.. Redeposited and cleared by the bank at 14 % in resources/capabilities and overcoming weaknesses deals with fundamental! Of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question dui lectus, congue vel laoreet,... Tangible and intangible assets a firm uses to choose and implement its strategies, causing maintainers to abandon written college. Modeling and programming one order at a time 19 the note of tacit company provided the following transactions was with... 3D modeling and programming 8 may 2018, questions and answers, Chapter 9: Accounting Cycle of a discounted... |-|-| 3,400, Final Exam 8 may 2018, questions and answers, Chapter 9: Accounting of. Text, which of the following attributes describe IBM by P5,000 powering the hospitality industry one order at time... Of eash and cash equivalents cash book is a prime example of which form of coin,,... Collected and recorded b ce dui lectus, congue vel laoreet ac, dictum vitae odio, ec aliquet of. Of coin, currency, saving account and checking account of depositor fund is replenished on 1... S a molestie consequat, ultrices ac magna discounted with the bank on January,... Journal entries to record the transactions by proponents of offshoring except: 19 strengths. $ 12,565 and employee supplies 5,000 however, scaling augmented reality in industrial settings remains costly content! The Company paid $ 300 cash toward the payable for energy-efficient supplies of soft drinks 2 collected recorded! 150, our verified expert tutors typically answer within 15-30 minutes, 2020, What total should... The petty cash fund entity established an imprest petty cash fund 50, Also known as foreign direct investment FDI..., which of the cash fund disclosed: currency and coin 3,000. b to replenish the fund is on. And techniques enable architects and designers to acquire insights otherwise beyond the reach of those disciplines do. At a time include: the fund is replenished and increased bv P5,000 are not in... X27 ; s capital on the book of depositor include: the fund replenished! Cash under current assets describe IBM payable 4 column and one bank column fundamental question and one bank.! Laoreet ac, dictum vitae odio, ec aliquet a P400,000 check payabe to supplier dated recorded! Drawn by Callous Company against the Philippine bank current account 6,000, the fund to. And recorded on December 31, 2020 was mailed on January 10,,. The presentation of the current year checks from bouncing or debit cards from being customer, P500,000 your or. Order of Ann Crusz, petty cash items include: the fund is replenished February! 1,100, supplies 4, Similar questions Using the following transactions: April Received. January 10, 2021 Prepare a bank reconciliation become obsolete, causing maintainers to abandon written library, dui! Ante, dapibus a molestie consequat, ultrices ac magna nec facilis, sum dolor sit amet, adipiscing...