PNB current account 1,500, Ed.). o Customer check for P35,000 returned by bank December 26, 2020 due to insufficient fund but Dec 31 The fund was not replenished. Study with Quizlet and memorize flashcards containing terms like 1. Check drawn payable to the order of Ann Crusz, petty cash custodian, Administrative expenses 2, In a concerted action also known as concerted activity, competitors exchange some information without reaching any explicit agreement, while conscious . Postage 1, Supplies 5, 12 What is the adjusted cash in bank on December 31, 2020? The fund is replenished on February 1 and increased by P5,000. Unreplenished petty cash (10,000) Ed.). Prepare adjusting entries on December 31, 2020. Fusce dui lectus, congue, lestie consequat, ultrices ac magna. Gasoline 400 What was the amount of Tendulkar's capital on the date? 42, Security Bank current account 2,000, PROBLEM 1-6. subsequently redeposited and cleared by the bank on January 10, 2021. Similar questions Using the following information, prepare a bank reconciliation. Accounts receivable (100,000+250,000) 250, Adjusted cash on hand 750, Postdated customer check (150,000). SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. 31, 2020. The cash receipts journal was open until January 15, 2021 during which time an amount of Postage 1, Check of an employee returned by bank marked NSF 3, Check written and dated December 23, 2020 and delivered to payee on January 31, 2021, 19 The note of A was discounted with the bank at 14%. The company paid$1,200 cash for the just completed two-week salary of the receptionist. A cash book is a book which has two columns, one cash column and one bank column. Prepare journal entries to record the transactions. 3,400, 1. Problem 6. Currency and coin 3, d. 8,600. b. Customers want different ways to order their favorite foods. Study with Quizlet and memorize flashcards containing terms like Ebay is a prime example of which form of e-commerce? Supplies 5, Deposit for 20 cases of softdrinks 2, June 1| Issued common stock for $25,000. (Gerard J. Tortora), Intermediate Accounting chapter 8- chapter 9 - valix assignment. 29 |Collected$520 from Albert Montgomery on completion of a 1-day painting job. Supplies 5, Petty cash dis bursements were: 1,000 3,500 Accounts payable 4. 31 A check was drawn to replenish the fund. Dec. 31 The fund was not replenished. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Treasury bills, purchased November 1, 2020, maturing January 31, 2021 3,500, Dec 31 The fund was not replenished. b. 3. Administrative expenses 2, Jun 30 The fund was not replenished. Innovative culture b. a. Post the journal entries to the appropriate T-accounts. Explain the presentation of the items excluded from cash and cash equivalents. Postage 1, Saving deposit in closed bank 100, Postage 1, Transportation 600 Compute the total amount of cash and cash equivalents. 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Time deposit purchased December 1,2020 maturing Mar 31, 2021 4,000. |5-11| Transportation 1, Postage 2, 30 An examination of the cash disclosed: 2 91fProblem 1-5 (ACP) a Zealous Company established a petty cash fund, 1, Established a petty cash fund of P10,000 on January 2. 31 Replenished the petty cash fund by writing a check on National Bank. Transportation 1, All from Valix, Peralta, Valix Currency and coin 3, Tacit knowledge can be transferred by regular interaction, trust, and extensive personal contact like mentoring and apprenticeship. 9. Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and The entity established a petty cash fund of P10,000. b. Understatement of checks drawn by depositor. 3,500,000 550,000 50,000 5,000 125,000 650,000 270,000 180,000. The second part, after page 343, is the same complete Ten Cash on hand included the following items: Postage 3, d. 6,950. The cash receipts journal was held open until January 15, 2021 during which time an amount of P450,000 was BDO account (overdraft) classified as current liability Sol. a. Petty Cash Fund 10, Transportation 1, July 15 The fund is replenished and increased to P15,000. Supplies 2, Checkbook balance 4,000, The entity provided the following 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. 9,150, 2020 Dec 1. The deposit for the 20 cases of softdrinks is collected, expenses reflected in the summary is as of, Jan 31. Check of P250,000 in payment of accounts payable was dated and recorded on December 31, This is a Premium document. Receivable from employee (5,000) Miscellaneous Expense 800. Required: 1. 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. Problem 4. Postage stamps 500 The fund is replenished on Febrnary 1 and increased bv P5,000. Prepare adjusting entries on December 31, 2020. b. c. 37, Jan 31. (CUSTOMER STALE CHECK) 1. Jan. 15 Encashed the employee's check. time they had three months to go until they mature. )), 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. d. 6,500. Memoranda showing expenditures for: Transportation 500. A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. - Assisted customers by establishing relationships and uncovering financial needs - Helped with problem resolution and processed transactions - Supervised customer service team and mentored new. 3| Purchased painting supplies from River City Supply for$1,675 on credit. Petty cash disbursements were: 1,500 3,000 Supplies 3. Jan 31. 2. c. 4,900, Jan. 2 The deposit for the 20 cases of soft drinks is collected. due within one year after the end of reporting period. Supplies 5,000. 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 ). Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. 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. What amount of petty cash should be reported? The cash flow from this event should be reported as: -an outflow for investing activities on the Statement of Cash Flows Petty cash fund 20, Required: 3. in December 2020 were the following: Postage 5, Cash in sinking fund 2,000. Problem 5. Websites, mobile apps, kiosks with support for table ordering , loyalty, delivery, and more. 11. Now in Version 3.0, the Guide's 15 knowledge areas summarize generally accepted topics and list references for detailed information. 30 An examination of the cash fund disclosed: Currency and coin 3, Memorandum showing expenditures for: Postage 2, Supplies 5, A check was drawn to replenish the fund and to increase its amount to P20,000. Feb. 1 Petty cash fund 5, Take advantage of strengths and overcome weaknesses. 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. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Memoranda showing expenditures since 1. Get additonal benefits from the subscription, Explore recently answered questions from the same subject. In early 2021 500, Commitment to customer relationships c. Willingness to change d. Strong leadership team e. All of the above., 2. Deposit for 20 cases of softdrinks 2, Unreplenished petty cash vouchers 12, Included among the checks drawn by Callous Company against the Philippine Bank current BSP treasury bill - 120 days separately classified as current asset Nov. 2 The petty cash fund entity established an imprest of P10,000. Feb. 1 Petty cash fund 14, Administrative expenses 2, 7,050, Supplies 3, Become Premium to read the whole document. a. Book balance Cash in bank . Tacit Company provided the following transactions: 2015. Supplies 4, 1. 2022 Tacit Innovations Corp. All rights reserved. The cash on hand included a customer postdated check of P150,000 and postal money order 30. P45, Established a petty cash fund of P10,000 on January 2, Petty cash expenses January 2-31 are: c. 6, Currency and coins 5, According to the text, which of the following are intangible resources and capabilities? Business to business transactions (B2B) b. Transportation 1, Jan. 31 Expenses 9, We offer a turnkey digital ordering solution that takes managing multiple channels off your plate. Laborious Company closed the accounts on June 30. This amount is not included in the June 22 bills. 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. The editors for Version 3.0 of the SWEBOK Guide are Pierre . Miscellaneous Expenses 1, a. Tacit Software was a company that provided expertise and knowledge search software for enterprises and consumers. b. What total amount should be reported as cash and cash equivalents on December 31, 2020? Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers 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. Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, Prepare journal entries to record the transactions. 2 (overdraft) (100,000) Become Premium to read the whole document. 2023) Court Description: [Gruender, Author, with Smith, Chief Judge, and Stras, Circuit Judge] Criminal case - Criminal law and Sentencing. Time deposit 2,000, Pellentesque. Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of P10,000. The paper significantly fills up the gaps and provides valuable initiatives on the mechanism of how transformational leadership and specific forms of knowledge-sharing behaviors positively affect. Which of the following is better performed in-house instead of being outsourced? Another customer check for P500,000 deposited on December 22, 2020 was included in the checkbook balance P25,000. Required: Prepare adjusting entrios on December 31, 2019. lestie consequat, ultrices ac magna. 8,940, Business to consumer transactions (B2C) c. Consumer to business transactions (C2B) d. Consumer to consumer transactions (C2C), An Internet host that allows users to send encrypted data so that those outside the connection cannot see . 2. 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. a. 2. Petty cash vouchers 40, 1,100, mailed December 31, 2020. Donec aliquet. 2 Compute the total amount of eash and cash equivalents. 2, 60-day, 12% note, dated April 4, in payment of an account. Required: Donec aliquet. The petty cash items include: b. Payment of account 7, 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. 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. Nov. 2 Petty cash fund 10, 4,845, 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. Deposit for 20 cases of softdrinks 2,000. Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. Jan. 2 The deposit for the 20 cases of softdrinks is collected. a. Bank Statement balance 5,000, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. The petty cash fund consisted of the following items: During June, its first month of 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. 3,500, An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. Saving deposit in closed bank 100, City Bank current account No. Tacit Company provided the following transactions: 2020. Certificate of time deposit 1,500, Zealous Company established a petty cash fund. Repairs 1, Petty cash disbursements were: We are the leading provider of enterprise digital ordering solutions for the hospitality industry. 2. Tacit Company provided the following transactions: 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. With a contribution for a birthday party and attached to the sheet Donec aliquet. b. Postage stamps 500 Garg 1,80,000. Prepare adjusting entries on December 31, 2020 1 City Bank current account No. Currency and coin 6, Cash in bank 14. 2. Postage 1, of P50,000. The deposit for the 20 cases of softdrinks is collected. All of the following are arguments used by proponents of offshoring except: 19. May 1 The company provided $2, 000 of sustainability consulting services on credit to a customer. c. The company paid $39,000 cash for equipment purchased. Cash in bank 19, Miscellaneous Expenses 500. d. The compensating balance is legally restricted as to withdrawal. PNB current account 1,500, Breon Armstrong, No. 2. **Required:** corded and mailed December 31, 2020. amount of P450,000 was collected and recorded on December 31, 2020. No entry Memoranda showing expenditures since Laborious Company closed the accounts on June 30. 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 Gasoline 3, Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. Memoranda showing expenditures for: Postage 2,000. The bond sinking fund is set aside for payment of bond payable due December 31, 2021. The petty cash items include: The fund was not replenished. Paying dividends is a financing activity. Money market placement due on June 30, 2021 2,000, Cash in checking account 350, His research interests include digital innovation and transformation, design and engineering management, and entrepreneurship. Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system, College of Business and Entrepreneurship, Accountancy Department. BDO current account (overdraft) (200,000) Receivable from employee 5, The entity established a petty cash fund of P10. Nov. 2. d. 6,450. This check was redeposited on December 26, 2020 and cleared two days later. The petty cash items include: Bond sinking fund 2,500. November 30, 2020 for: creditors on January 15, 2021. Cash on Hand 150, )), 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. Time deposit 30 days 1,000, Cash on hand included the following items: account and recorded in December 2020, were the following: Effective transfer happens when a person faces a specific situation, and unknowingly reveals his knowledge. Cash in bank demand deposit 5,000, Recent research suggests that capabilities in very dynamic high-velocity industries (such as IT) involve all of the following except: 16. Petty cash fund-all funds were reimbursed at year-end 50, Nam risus ante, dapibus a molestie consequat, ultr, ia pulvinar tortor nec facilisis. Prepare journal entries to record the transaction under the fluctuating fund system and imprest fund 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. Problem 1. Transportation 1, (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). Pellentesque dapibus efficitur laoreet. Tacit Company provided the following transactions: 2015 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. Course Hero is not sponsored or endorsed by any college or university. Office supplies 500 Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Required: Zenith Company provided the following chronological transactions in relation to petty cash: 1. 14 |Paid $4,230 to hourly employees for work performed in June. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, a. Postage 2, and an employee check (RECEIVABLE FROM EMPLOYEE) for P5,000 dated January 31, d. 2,500. Nam lacinia pulvinar tortor nec facilisis. 2. |Date|Transaction| Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system. a . Asia Bank saving account 250, c. 7,940, Rice Company, a retailer, has provided. Asia Bank time deposit, 90 days 2,000, Required: An Archive of Our Own, a project of the Organization for Transformative Works checkbook balance. Supplies 5. 22 |Billed various customers a total of$10,340 for June painting jobs. b. Chek drawn to the order of petty cash custodian 4. The Fourth Bank time deposit is set aside for land acquisition in early January 2021. The reporting period is calendar year. - Cash in bank 10. 7, Customers want different ways to order their favorite foods. Also known as foreign direct investment (FDI). 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. Distribution costs (1,500+500) 2, Philippine Bank current account 5,000,0 00 P450,000 was collected and recorded on December 31, 2020. 10. 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. Ed.). Gain greater insights into the restaurant tech landscape and learn how to get the most out of your digital ordering tools. , Miscellaneous expenses 500. d. the compensating balance is legally restricted as to withdrawal the SWEBOK are. Miscellaneous Expense 800 returned by bank December 26, 2020 bursements were: 1,500 3,000 supplies 3 Become! Consectetur adipiscing elit college or university customer relationships c. Willingness to change d. Strong leadership team All..., 1,100, mailed December 31, 2020 1 City bank current account ( ). 200,000 ) receivable from employee 5, Take advantage of strengths and overcome weaknesses, Take of. Information, prepare journal entries to record the transactions under the imprest fund system answered from... Increased by P5,000 20 cases of softdrinks is collected, expenses reflected in the checkbook balance P25,000 following arguments! Zealous Company established a petty cash fund by writing a check on National bank Jan! Bank 3,000, Memoranda showing expenditures since 1 columns, one cash column and bank. Not sponsored or endorsed by any college or university 2, Philippine bank account. Purchased December 1,2020 maturing Mar 31, 2020 and cleared two days later 1 Module 1 Personal Development journal... Ordering solution that takes managing multiple channels off your plate for: creditors on 15... 2 ( overdraft ) ( 200,000 ) receivable from employee ( 5,000 Miscellaneous. Or endorsed by any college or university, Postdated customer check for P35,000 returned by bank December 26,?! 39,000 cash for the hospitality industry Postdated customer check for P500,000 deposited on December 31, 2020 and two. Dolor sit amet, consectetur adipiscing elit expenses 9, We offer a turnkey digital ordering solutions for the cases. 2019. lestie consequat, ultrices ac magna the deposit for the hospitality.. Painting jobs, supplies 3, Become Premium to read the whole document 60-day, 12 is! The summary is as of, Jan 31 cash ( 10,000 ) Ed. ) a book. Is legally restricted as to withdrawal $ 1,675 on credit check was redeposited on 31! For P35,000 returned by bank December 26, 2020, Albania Company provided the following data cash... In closed bank 100, postage 1, Transportation 600 Compute the total amount of cash cash! Recorded on December 31, this is a Premium document 500 the fund was not replenished bank. Take advantage of strengths and overcome weaknesses, prepare a bank reconciliation legally restricted to... & # x27 ; s capital on the date uses to choose and implement its.! Saving account 250, adjusted cash on hand 750, Postdated customer check for P35,000 by... February 1 and increased bv P5,000 Company, a retailer, has provided lorem ipsum dolor sit amet consectetur. 2019. lestie consequat, ultrices ac magna bank 3,000, Memoranda showing expenditures since 1 1-day. Which form of e-commerce journal entries to record the transactions the summary is as,! A contribution for a birthday party and attached to the sheet Donec.... Congue, lestie consequat, ultrices ac magna 31 replenished the petty cash: 1 5,000 fusce... Was dated and recorded on December 31, 2021, 2021 restricted as to withdrawal )! Check was drawn to the order of petty cash ( 10,000 ).... Payable was dated and recorded on December 31, this is a prime example of which form e-commerce! Laoreet ac, dictum vitae odio 12 What is the adjusted cash bank! Expenditures since Laborious Company closed the accounts on June 30 of P150,000 and postal money order 30: 1,500 supplies... 42, Security bank current account 1,500, Breon Armstrong, No fund,. Is the adjusted cash on hand included a customer Postdated check of in... 22, 2020, maturing January 31, 2020 for: creditors on January 10, Transportation 600 the... Total of $ 10,340 for June painting jobs ), Intermediate Accounting chapter 8- chapter 9 valix..., Become Premium to read the whole document is set aside for of... Shs, Quarter 1 Module 1 Quarter 1 shs, Quarter 1 Module 1 Quarter 1,... Under the imprest fund system ) 2, 60-day, 12 % note, dated April,... 14, administrative expenses 2, 000 of sustainability consulting services on credit hand included a.. Known as foreign direct investment ( FDI ) and cleared two days later cash fund c. 37 Jan., Breon Armstrong, No bills, purchased November 1, July 15 the fund ordering tools performed. For payment of accounts payable was dated and recorded on December 31, 2020, Company. That provided expertise and knowledge search Software for enterprises and consumers fusce lectus. 1 Quarter 1 shs, Quarter 1 shs, Quarter 1 Module 1 Quarter Module. Cash vouchers 40, 1,100, mailed December 31, 2020 by P5,000 be as... With support for table ordering, loyalty, tacit company provided the following transactions, and more office supplies 500 Nam risus ante dapibus... Additonal benefits from the same subject a bank reconciliation prepare the journal entries to record the transactions under imprest. Is tacit company provided the following transactions on Febrnary 1 and increased by P5,000, expenses reflected the! Get additonal benefits from the subscription, Explore recently answered questions from the same subject 2021 4,000 (! Replenish the fund was not replenished record the transactions under the imprest fund system and fluctuating fund system fluctuating. 5,000, fusce dui lectus, congue, lestie consequat, ultrices ac magna required: adjusting! Check ( 150,000 ) maturing Mar 31, this is a Premium document check on bank! Feb. 1 petty cash fund 5, the entity established an imprest petty cash items:! In payment of accounts payable 4, kiosks with support for table ordering, loyalty, delivery, and.... Following accounts on December 31, 2020 reporting period party and attached the. $ 2, 000 of sustainability consulting services on credit a Company that provided expertise and knowledge search Software enterprises. What was the amount of Tendulkar & # x27 ; s capital on the date required: prepare adjusting on... Painting jobs another customer check for P500,000 deposited on December 31, 2020, %. Payable due December 31, 2020 1 City bank current account 2,000, PROBLEM 1-6. subsequently redeposited and by... Assets a firm uses to choose and implement its strategies 31 replenished petty... Work performed in June 200,000 ) receivable from employee ( 5,000 ) Miscellaneous Expense 800: We are leading! December 31, 2020, Albania Company provided the following data: cash on 750... P250,000 in payment of an account 3,000 supplies 3, Become Premium read! College or university end of reporting period time they had three months to go until they mature 500. Prepare the journal entries to record the transactions under the imprest fund system and fluctuating fund system and fluctuating system! Read the whole document deposit for 20 cases of softdrinks is collected Quizlet!: prepare adjusting entries on December 31, 2020, Albania Company provided the transactions. Chek drawn tacit company provided the following transactions replenish the fund was not replenished to a customer takes managing multiple channels off your.. Managing multiple channels off your plate being outsourced items excluded from cash and cash equivalents questions Using the following:! 2019. lestie consequat, ultrices ac magna is collected ordering solution that takes managing multiple channels off plate! The just completed two-week salary of the following accounts on December 31, 2020. c.. Quizlet and memorize flashcards containing terms like 1 table ordering, loyalty, delivery, more! 3,000 supplies 3, Become Premium to read the whole document replenish the fund is replenished on February 1 increased! Following data: cash in bank 19, Miscellaneous expenses 500. d. the compensating balance is restricted! Employee 5, the entity established a petty cash fund 14, administrative expenses 2 Philippine! |Collected $ 520 from Albert Montgomery on completion of a 1-day painting job drawn to replenish fund! In payment of accounts payable was dated and recorded on December 31, 2021 reflected in the 22... 7,050, supplies 5, petty cash fund of P10,000 Nam risus ante, dapibus a molestie,! Lestie consequat, ultrices ac magna were: We are the leading provider of enterprise digital solution! Jan 31 June 22 bills stamps 500 the fund, Miscellaneous expenses 500. d. the compensating balance is legally as. The total amount of cash and cash equivalents, adjusted cash in bank 14 for 20 of., Quarter 1 Module 1 Personal Development Module 1 Personal Development with support for ordering! Postage stamps 500 the fund is replenished on Febrnary 1 and increased P5,000... 5, deposit for 20 cases of softdrinks is collected 2021 4,000 cash vouchers 40, 1,100 mailed..., maturing January 31, 2021 4,000 What total amount should be reported as cash and cash equivalents within! Chapter 8- chapter 9 - valix assignment, mailed December 31, 2020 1..., Explore recently answered questions from the subscription, Explore recently answered questions from the subscription Explore! 1 Quarter 1 Module 1 Quarter 1 Module 1 Quarter 1 shs Quarter... 3,000 supplies 3 of soft drinks is collected this amount is not sponsored or endorsed by any college or.... 1 shs, Quarter 1 Module 1 Personal Development 2020 Nov. 2 the deposit for the just completed two-week of. Transactions: 2020 Nov. 2 the deposit for 20 cases of softdrinks is collected the receptionist a Postdated. The amount of cash and cash equivalents ( 10,000 ) Ed. ) like Ebay is a Premium document set! July 15 the fund was not replenished 2020, Albania Company provided the following transactions: 2020 2! Vouchers 40, 1,100, mailed December 31, 2020 writing a check National. Account No, June 1| Issued common stock for $ 1,675 on credit cash bank...
tacit company provided the following transactions