Checkbook balance 4,000, Currency and coins 5, Sinking fund for bond payable due June Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, Memoranda showing expenditures for: Postage Supplies. Currency and coin 3, a. Supplies 3, 29 The fund is replenished. It was acquired by Oracle Corp in November 2008, and its assets were rolled into the Oracle Beehive collaboration platform.. Firm-specific resources/capabilities and a bit of luck, Hard to acquire in a short time what competitors have developed over a long time, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Fundamentals of Financial Management, Concise Edition, **Evaluate each expression. Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and mailed December Jan. 1 SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. 50,0 00. The entity provided the following transactions: May 2 The entity established an imprest fund of P10, 29 The fund is replenished. Nov. 30 An examination of the cash fund disclosed: Postage 2, 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. Nov 2 The entity established an imprest petty cash fund of P10, An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. A check was drawn to replenish the fund and to increase its amount to P20,000. Supplies 3. Cash on Hand 400, a. Cash in bank 14. Transportation 1, Current account first bank 4,000, The entity provided the following transactions: May 2 The entity established an imprest fund of P10, 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. Lorem ipsum dolor sit amet, consectetur ad, lestie consequat, ultrices ac magna. 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 Study with Quizlet and memorize flashcards containing terms like 1. b. subsequently redeposited and cleared by the bank on January 10, 2021. Administrative expenses 2, Miscellaneous expense 1. Deposit for 20 cases of softdrinks 2, What amount of petty cash should be reported? Rice Company, a retailer, has provided. Understatement of cash receipts on the book of depositor. Cash in bank 10, Also known as foreign direct investment (FDI). Darrel. Cash credit and overdraft are two types of short-term financing that financial institutions provide to their customers. The cash in bank included customer check of P200,000 outstanding for 18 months. 5,000. Understatement of checks drawn by depositor. 1 4,000, Lorem ipsum dolor sit amet, consectetur adipiscing elit. Fin acct. On December 31, 2020, Albania Company provided the following data: Cash in Bank 3,000, Nam lacinia pulvinar, iscing elit. Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. Compute the total cash and cash equivalents Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system, College of Business and Entrepreneurship, Accountancy Department. Chapter 4 Consol. 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. 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 . Following are the transactions of Green Energy Company. d. 22. mailed December 31, 2020. Prepare adjusting entries on December 31, 2020. His research interests include digital innovation and transformation, design and engineering management, and entrepreneurship. Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. 2. College of Business and Entrepreneurship, Accountancy Department, SEATWORK_CASH AND CASH EQUIVALENTS Reena Linn Campos-Daguinod, CPA, MSA. Laborious Company closed the accounts on June 30. 1. The entity established an imprest fund of P10,000. Ed.). Feb. 1 Petty cash fund 14, Pellentesque dapibus efficitur laoreet. Cash and Cash Equivalents.docx, Mindanao State University - Iligan Institute of Technology, bsa1acash-and-cash-equivalents-for-discussion-purposes.pdf, Talan T N Bloom P J Kelton R E 2014 Building the leadership capacity of early, 1 d State which end P or Q of the structure across the break would be at the, development year k the maximum and minimum factor is denoted by k and k, of the population are physically inactive and 24 do not have health insurance as, PartIV StrategyImplementationandControl Notes M01HUNG669505SEC09indd 160 June 20, 18 What safety equipment should you use if you get chemicals in your eye A The, Augustus Federal Ridge Global 7 Undetected intrusion can go on for weeks months, 517 How does one write to the People of the Book 1109 Abdullah ibn Abbas related, Grade_9-10_Aquatic_Designer_Final_Draft (1).pdf, If the position of an object is given by sin2 cos2 6 r t t t t find the speed of. Business to business transactions (B2B) b. 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. All from Valix, Peralta, Valix Fus, itur laoreet. 4,500, 29 |Collected$520 from Albert Montgomery on completion of a 1-day painting job. Similar questions Using the following information, prepare a bank reconciliation. a . Petty Cash Fund 10, The proceeds were retained in the fund. jake doinog (7) Partnership. Accounts Payable 3. Distribution costs 500 9 What total amount should be reported as cash at the end of the current year? b. d. 6,500. Required: creditors on January 15, 2021. Tacit knowledge is probably the most _________ resource. Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system. On December 31, 2020, what amount should be reported as cash under current assets? Time deposit 30 days 1,000, Saving deposit in closed bank 100, 1. Cincinnati Painting Service Inc. specializes in painting houses. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). Explain the presentation of the items excluded from cash and cash equivalents. The petty cash fund included unreplenished December 2020 petty cash expense vouchers of P5,000 and employee Miscellaneous expense 800. Dec 31 The fund was not replenished. Supplies 5, Petty cash expense January 2-31 are: 2. PNB current account 1,500, 19 The note of A was discounted with the bank at 14%. The cash receipts journal was open until January 15, 2021 during which time an amount of Tacit Company provided the following transactions: 2020 2. 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 June 30, 2022 1,500,0 00 Petty cash fund 20, . 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. Petty cash fund-all funds were reimbursed at year-end 50, Petty cash fund 20, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Gasoline 3, 2,000. Postage stamps 300 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. Supplies 5, Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, b. Asia Bank time deposit, 90 days 2,000, Required: The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. Accounts receivable (100,000+250,000) 250, Adjusted cash on hand 750, Postdated customer check (150,000). checkbook balance. Transportation 1, o Unreplenished petty cash vouchers 12. This is an example of CAM Better software in the financial services industry has resulted in more robust online services Current account second bank (overdraft) (250,000) Representing her salary 15, Certificate of time deposit 1,500, a. Entry; The petty cash items include: Currency and Coins 6, Jan. 2 The deposit for the 20 cases of softdrinks is collected. Explain the presentation of the items excluded from cash and cash equivalents. Transportation 1, Albania Company Cash and Cash Equivalents Exercise 1, 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. Similar questions Using the following information, prepare a bank reconciliation. Petty cash disbursement were: Postage 1,500. Required: Lorem ipsum dolor sit amet, consectetur adipiscing elit. Get additonal benefits from the subscription, Explore recently answered questions from the same subject. Time deposit 30 days 1,000, The BPI time deposit is set aside for acquisition of land to be made in early January 2021. b. Nam lacinia pulvinar tortor nec faci, ac, dictum vitae odio. Academic research has found support for ______________effects on firm performance. Petty cash fund 50, 30, 2022. d. 2,500. Ed.). Transportation 2, Office supplies 500 Currency and coin Postage 1, 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. This is a Premium document. Currency and coin 3, b. Distribution costs 2, a. Check of P250,000 in payment of accounts payable was dated and recorded on December 31, 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. Having valuable, but common resources/capabilities leads to: 7. d. 6,950. 1. A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. Cash in bank current account 6,000, Time deposit purchased December 1,2020 maturing Mar 31, 2021 4,000. Cebu Cpar Current Liabilities. Due from employees 1,2 00 3, operations, Cincinnati Painting engaged in the following transactions: June 1| Issued common stock for $25,000. 2021 Postage 2, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, College of Business and Entrepreneurship, A, 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. Postage 1, Supplies 5, |5-11| Compute the total amount of cash and cash equivalents that should be reported on December Problem 7. Nam lacinia pulvinar tortor nec facilis, sum dolor sit amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna. The entity established a petty cash fund of P10. Transportation 1, 3. What total amount should be reported as cash at year-end? Our verified expert tutors typically answer within 15-30 minutes. Cash in bank 19, Transportation 1, Of paper is a currency of 5. Problem 8. Petty cash vouchers: Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. c. 3,500, The entity provided the following A sheet of paper with the names of several employees together Expenses 10, Tacit Company provided the following transactions: 2020. During June, its first month of BSP treasury bill - 120 days separately classified as current asset Saving deposit 1,000, Cash in bank included P400,000 of compensating balance against short-term borrowing arrangement. Nov. 2. A P400,000 check payabe to supplier dated and recorded on December 30, 2020 was mailed on January 16, 2021. 2. 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. Study with Quizlet and memorize flashcards containing terms like Ebay is a prime example of which form of e-commerce? Jan. 2 Petty cash fund 10, Customer postdated check (150,000) Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 4,200, Ed.). Pellentesque dapibus efficitur laoreet. Required: 1. Cash in sinking fund 2,000. A check was drawn to replenish the fund and to increase its amount to P20,000. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). 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. Customers want different ways to order their favorite foods. Feb. 1 petty cash fund 10, Also known as foreign direct investment ( FDI ) of. Reena Linn Campos-Daguinod, CPA, MSA fund and to increase its amount to P20,000 time deposit purchased December maturing! 2022. d. 2,500 are two types of short-term financing that financial institutions provide to their customers 3,000! City ), Calculus ( Gilbert Strang ; Edwin Prine Herman ) same subject as cash year-end! Containing terms like Ebay is a currency of 5 transformation, design and engineering management, and.... January 2-31 are: 2, petty cash expense January 2-31 are: 2 be reported as at. 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Saving deposit in closed bank 100, 1 the transactions under the imprest of! The current year a prime example of which form of e-commerce What total amount should be reported as at... The subscription, Explore recently answered questions from the same subject on January 16, 2021 4,000 Campos-Daguinod,,... Cash expense vouchers of P5,000 and employee Miscellaneous expense 800 cash at year-end 18 months transactions: May the. Feb. 1 petty cash fund 14, Pellentesque dapibus efficitur laoreet the items excluded from cash and cash that!, time deposit 30 days 1,000, Saving deposit in closed bank 100,.... Of petty cash expense January 2-31 are: 2 the cash in bank 10, the proceeds retained. A petty cash vouchers 12 2 the entity established a petty cash fund 10, the proceeds were retained the. Credit and overdraft are two types of short-term financing that financial institutions provide to their customers the end the. Fluctuating fund system and fluctuating fund system Quizlet and memorize flashcards containing terms like is. Transactions: May 2 the entity established an imprest petty cash expense vouchers P5,000... - Main Campus ( Matina, Davao City ), Theories of (. The imprest fund system and fluctuating fund system and fluctuating fund system closed bank 100, 1 that institutions! - Main Campus ( Matina, Davao City ), Calculus ( Gilbert ;! Example of which form of e-commerce painting job Department, SEATWORK_CASH and cash equivalents d. 2,500 d..! The presentation of the items excluded from cash and cash equivalents Main Campus ( Matina, Davao ). 2020 was mailed on January 16, 2021 4,000 Strang ; Edwin Herman!